DirectFi Provides Construction Loan For Mixed-Use Property In Ventura
186 Bell Way, Ventura, Ca 93001
$2,300,000
$127/SF
Building Size
18,045 SF
Asset Type
Mixed-use
Closing
Mar 16, 2023
AI
The mixed-use property located at 186 Bell Way in Ventura has been involved in a recent closed transaction. Spanning over 18,045 square feet, this asset offers a diverse range of uses including commercial and residential space. The transaction took place on 03/16/2023.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $2,300,000
- Address: 186 Bell Way
- Market: Ventura
- Lender: DirectFi - Arman Singh & Abdo Pierre Faissal
- Landlord: Prakash Prajapati
- Loan Type: Construction Loan
DirectFi, represented by Arman Singh & Abdo Pierre Faissal, acted as the lender in this transaction. Prakash Prajapati assumed the role of the landlord for this property. The loan obtained amounted to $2,300,000 and was classified as a construction loan.
Players
Ventura Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93