DirectFi Provides Construction Loan For Mixed-Use Property In Ventura
FINANCED
$2,300,000
California
See Similar DealsMixed-use18,045 SF
Financed 03/16/2023
FINANCED
DirectFi Provides Construction Loan For Mixed-Use Property In Ventura
186 Bell Way, Ventura, Ca 93001
See Similar DealsMixed-use18,045 SF
Financed 03/16/2023
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$127
Total Square Footage:18,045 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,300,000.00
Monthly NOI$15,333.33
Monthly Debt Service$14,537.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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