facebook
Traded Co logo
Submit

Ridge Capital Group Helps Mitra Avari Secure $1.75M Cash Out Refinance Loan On Beverly Hills SFR

Property Image
FINANCED
$1,750,000

California

See Similar Deals
MultiFamily2,883 SF
Financed 05/12/2023
the dealplayerscompscontact
Property Image
FINANCED

Ridge Capital Group Helps Mitra Avari Secure $1.75M Cash Out Refinance Loan On Beverly Hills SFR

454 S Palm Dr Beverly Hills, CA 90212, USA

See Similar Deals
MultiFamily2,883 SF
Financed 05/12/2023
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$607
Total Square Footage:2,883 SF
Transaction Type:Loan

The property involved in this transaction is a single-family residence located at 454 South Palm Drive in Beverly Hills. The property has a total square footage of 2,883.

Summary of transaction details:

  • Property Type: Single-Family Residence
  • Transaction Amount: $1,750,000
  • Market: Beverly Hills
  • Lender: United Wholesale Mortgage
  • Landlord: Mitra Avari
  • Broker: Neema J. Omid - Ridge Capital Group
  • Loan Type: Refinance
  • Loan Terms: 15 Years Fixed Rate - 70% LTV Cash Out

Neema J. Omid, representing Ridge Capital Group, was able to obtain a cash out refinance on a 15-year term for his clients, reducing the borrower's term by 8 years. The transaction was closed in less than 30 days. Neema, a mortgage loan officer, has funded over $30 million in loan volume over a short period of time. For further information and assistance, please contact Neema directly at 818-935-7089 or [email protected].

Players

Neema J. Omid
Ridge Capital Group
Neema J. Omid
3 deals$4.4M volume
BROKER
United Wholesale Mortgage
United Wholesale Mortgage
LENDER

Details

FINANCED
IMAGE: Neema J. Omid DATE: 05/12/2023 ADDRESS: 454 South Palm Drive MARKET: Beverly Hills ASSET TYPE: SFR ~ SF: 2,883 LENDER: United Wholesale Mortgage (@UWMLending) LANDLORD: Mitra Avari BROKER: Neema J. Omid (@Neemaomid) - Ridge Capital Group (@RidgeCapitalGroup) LOAN AMOUNT: $1,750,000 LOAN TYPE: Refinance LOAN TERMS: 15 Years Fixed Rate - 70% LTV Cash Out NOTE FROM BROKER: Neema was able to obtain a cash out refinance on a 15 year term for his clients, which reduced the borrower's term by 8 years. Neema and Ridge Capital Group were able to close this transaction in less than 30 days. Over the short period of time working as a mortgage loan officer, Neema has funded over $30 million in loan volume. To go over any scenarios please reach out to Neema directly. Neema Omid 818-935-7089 [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,750,000.00

Monthly NOI$11,666.67
Monthly Debt Service$11,061.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00