Ridge Capital Group Funds $3 Million Loan For Robert Ves' Acquisition Of 11343 Chalon Road
11343 Chalon Road
$3,000,000
$810/SF
Building Size
3,700 SF
Asset Type
Single Family Residence
Closing
Oct 1, 2024
AI
The property asset involved in this transaction is a single-family residence located at 11343 Chalon Road in the Los Angeles market. The house has a total square footage of 3,700 and pertains to an acquisition loan amounting to $3,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,000,000
- Loan Type: Acquisition
- Loan Terms: 30 Year Fixed
- Lender: Rodd Rahnama - Ridge Capital Group
- Landlord: Robert Ves
- Brokers: Ethan Moradifar & Daniel Emein
Ridge Capital Group facilitated this purchase loan in under 14 days after the client's previous lender failed to get the buyer approved. The buyer was only required to put down 20% of the loan amount, enabling the deal to close swiftly and efficiently.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93