Updated Dec 23, 2024
Daniel Mense Of KH Equities Secures $18 Million Construction Loan For Granada Hills Multifamily
$18,000,000
$409/SF
Building Size
44,000 SF
Asset Type
MultiFamily
Closing
Dec 12, 2024
About this deal
AI
The asset involved in this transaction is a multifamily property located at 17188 Chatsworth Street in Granada Hills. This property consists of 69 units and encompasses a total area of 44,000 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,000,000
- Loan Type: Construction
- Loan Terms: 91% LTC
- Lender: Trent Cantrelle - Genesis Capital
- Landlord: Daniel Mense - KH Equities
- Broker: Zachary Streit - Priority Capital Advisory
The key individuals involved in this transaction include the lender Trent Cantrelle from Genesis Capital, the landlord Daniel Mense from KH Equities, and the broker Zachary Streit from Priority Capital Advisory, all of whom played significant roles in facilitating the loan for this multifamily property development.
On the Map
$18,000,000
$409/SF
MultiFamily
View full map
Players
Granada Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Zachary (Zack) Streit to view all their deals.
Browse Granada Hills multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93