Tameer Orevi Of Orevi Capital Provides $6.6M Loan For Development Site In Los Angeles
FINANCED
$6,600,000
California
See Similar DealsDevelopment Site24,058 SF
Financed 10/15/2024
FINANCED
Tameer Orevi Of Orevi Capital Provides $6.6M Loan For Development Site In Los Angeles
Development Site24,058 SF
Financed 10/15/2024
Summary
Asset Type:Development Site
Price Per Square Foot:$274
Total Square Footage:24,058 SF
Transaction Type:Loan
The asset involved in this transaction is a development site located in Los Angeles, featuring a buildable square footage of 24,058 and a lot size of 6,421 square feet.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,600,000
- Lender: Tameer Orevi - Orevi Capital
- Landlord: Abbas Nikkhoo
- Loan Type: Construction
- Loan Terms: 80% LTC, 24 month loan term, no prepayment penalty
- Project Details: 28 unit, 7 story project
Tameer Orevi represents Orevi Capital in this transaction, providing a significant construction loan for the development project led by landlord Abbas Nikkhoo.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,600,000.00
Monthly NOI$44,000.00
Monthly Debt Service$41,716.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions