Imad Hatoum Of Arixa Capital Provides $21.3M Construction Loan For 61 Townhome Subdivision In Mesa
FINANCED
$21,300,000
Arizona
See Similar DealsDevelopment Site
Financed 04/30/2026
FINANCED
Imad Hatoum Of Arixa Capital Provides $21.3M Construction Loan For 61 Townhome Subdivision In Mesa
6933 East Hobart Street
See Similar DealsDevelopment Site
Financed 04/30/2026
Summary
ARIZONA
Asset Type:Development Site
Transaction Type:Loan
The property asset involved in the transaction is a 61 Townhome Subdivision located at 6933 East Hobart Street in Mesa, Arizona. The loan amount for this construction project is $21,300,000, with terms spanning 30 months.
Summary of transaction details:
- Property Type: Townhome Subdivision
- Transaction Amount: $21,300,000
- Lender: Imad Hatoum - Arixa Capital
- Loan Type: Construction
- Loan Terms: 30 Months
- Date: 04/30/2026
The key individual facilitating this deal is Imad Hatoum, representing Arixa Capital as the lender for this construction loan arrangement. His involvement is crucial in providing the necessary financing for the development of the townhome subdivision.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,300,000.00
Monthly NOI$142,000.00
Monthly Debt Service$134,630.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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