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468 Mountain Laurel Court

United Wholesale Mortgage Provides $1.08M Acquisition Loan For Mountain View Condo
FINANCEDCo-Op

United Wholesale Mortgage Provides $1.08M Acquisition Loan For Mountain View Condo

468 Mountain Laurel Court

$1,080,000

$819/SF

Building Size

1,318 SF

Asset Type

Co-Op

Closing

Dec 9, 2022

AI

A 1,318 square feet condo located at 468 Mountain Laurel Court in Mountain View has recently been involved in a loan transaction. The loan was secured by Neema J. Omid from United Wholesale Mortgage. The property is owned by Herbert Johnson and represented by Neema J. Omid of Ridge Capital Group.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,080,000
  • Address: 468 Mountain Laurel Court
  • Market: Mountain View

Neema J. Omid, a mortgage broker with Ridge Capital Group, was the intermediary in the loan transaction. The loan, an acquisition loan, had a fixed term of 5 years. Neema successfully secured a 10% down jumbo purchase loan for his client and was able to close the deal in less than 30 days.

Neema J. Omid is an active mortgage broker in the Los Angeles area, specializing in various types of loans, including non-traditional financing. For any inquiries, Neema can be reached directly at (818)935-7089.

Players

Neema J. Omid

Ridge Capital Group

Broker

$4.4M

vol

3 deals

Broker
United Wholesale Mortgage
United Wholesale MortgageLender

Mountain View Co-Op Market Snapshot

Boundary boundary · Co-Op · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.69%

Cash-on-Cash

-4.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93