Christian Faes Of F2 Finance Provides $1.2M Bridge Loan In Paso Robles
$1,200,000
$0/SF
Building Size
8,700,000 SF
Asset Type
Mixed-use
Closing
Jul 1, 2024
AI
A beautiful house and mixed-use site in Paso Robles, with a total square footage of 8,700,000 square feet, was the subject of a recent loan transaction. The property is located in the heart of California's wine region.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,200,000
- Market: Paso Robles
- Lender: Christian Faes - F2 Finance
- Loan Type: Bridge Loan
- Loan Terms: Cash out refinance
F2 Finance, with Christian Faes as the representative, provided a bridge loan amounting to $1,200,000 for the property. The loan was funded in less than 10 days, showcasing the efficiency and effectiveness of F2 Finance in facilitating quick financing solutions for real estate transactions in the Paso Robles market.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93