Daniel Mense Of KH Equities Secures $18 Million Construction Loan For Granada Hills Multifamily
FINANCED
$18,000,000
California
See Similar DealsMultiFamily44,000 SF
Financed 12/12/2024
FINANCED
Daniel Mense Of KH Equities Secures $18 Million Construction Loan For Granada Hills Multifamily
17188 Chatsworth Street
See Similar DealsMultiFamily44,000 SF
Financed 12/12/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:44,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,000,000.00
Monthly NOI$120,000.00
Monthly Debt Service$113,772.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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