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.
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