Updated Oct 25, 2024
Tameer Orevi's IceCap Group Provides $3.2M Acquisition Loan For Multifamily Property In Hawthorne
13927 Chadron Avenue
$3,200,000
$209/SF
Building Size
15,284 SF
Asset Type
MultiFamily
Closing
Feb 7, 2023
About this deal
AI
Located at 13927 Chadron Avenue in Hawthorne, this multifamily property consists of 7 units and spans across 15,284 square feet. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Loan Type: Acquisition
- Loan Terms: 7.25% for 5 years (interest only)
The lender for this transaction was Tameer Orevi from IceCap Group. Bobby Reynolds served as the landlord in this deal. The loan amount for this transaction was $3,200,000. It was an acquisition loan with terms set at 7.25% interest rate for a period of 5 years, with interest-only payments.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93