Ryan Wilkinson Provides $8.3 Million Refinance Loan For Zaid Altahan's Multifamily Property In Riverside
FINANCED
$8,300,000
California
See Similar DealsMultiFamily93,668 SF
Financed 08/30/2024
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 DealsMultiFamily93,668 SF
Financed 08/30/2024
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.
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Deal Type
30 years
10 years
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
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