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Ryan Wilkinson Provides $8.3 Million Refinance Loan For Zaid Altahan's Multifamily Property In Riverside

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FINANCED
$8,300,000

California

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MultiFamily93,668 SF
Financed 08/30/2024
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FINANCED

Ryan Wilkinson Provides $8.3 Million Refinance Loan For Zaid Altahan's Multifamily Property In Riverside

2032 Linden Street & 2052 Linden Street

See Similar Deals
MultiFamily93,668 SF
Financed 08/30/2024
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:93,668 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 2032 & 2052 Linden Street, Riverside. It comprises 62 units and has a total square footage of 46,834. The loan associated with this property is a refinance with a total amount of $8,300,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,300,000
  • Loan Type: Refinance
  • Lender: Ryan Wilkinson
  • Landlord: Zaid Altahan
  • Broker: Eric Chen - CBRE

This transaction was facilitated by Ryan Wilkinson, serving as the lender. Zaid Altahan is identified as the landlord of the multifamily property while Eric Chen from CBRE acted as the broker in the deal.

Players

Eric Chen
108 deals$886.6M volume(626) 757-5717
BROKER

LENDER

Details

FINANCED
IMAGE: Eric Chen & Ryan Wilkinson DATE: 08/30/2024 ADDRESS: 2032 & 2052 Linden Street MARKET: Riverside ASSET TYPE: Multifamily~ UNITS: 62 ~ SF: 46,834 LENDER: Ryan Wilkinson LANDLORD: Zaid Altahan BROKER: Eric Chen (@Eric_c_Chen) - CBRE (@CBRE) LOAN AMOUNT: $8,300,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,300,000.00

Monthly NOI$55,333.33
Monthly Debt Service$52,461.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00