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Ridge Capital Group Funds $3 Million Loan For Robert Ves' Acquisition Of 11343 Chalon Road

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FINANCED
$3,000,000
Rodd Rahnama
Ethan Moradifar
Daniel Emein

California

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Single Family Residence3,700 SF
Financed 10/01/2024
the dealplayerscompscontact
Property Image
FINANCED

Ridge Capital Group Funds $3 Million Loan For Robert Ves' Acquisition Of 11343 Chalon Road

11343 Chalon Road

See Similar Deals
Single Family Residence3,700 SF
Financed 10/01/2024
Rodd Rahnama
Ethan Moradifar
Daniel Emein
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$810
Total Square Footage:3,700 SF
Transaction Type:Loan

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:

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

Ethan Moradifar
Ridge Capital Group
Ethan Moradifar
4 deals$19.6M volume
BROKER
Rodd Rahnama
Ridge Capital Group
Rodd Rahnama
4 deals$19.6M volume
BROKER
Daniel Emein
Ridge Capital Group
Daniel Emein
2 deals$4.5M volume
BROKER

Details

FINANCED
IMAGE: Ethan Moradifar, Daniel Emein & Rodd Rahnama DATE: 10/01/2024 ADDRESS: 11343 Chalon Road MARKET: Los Angeles ASSET TYPE: Single Family ~ SF: 3,700 LENDER: Rodd Rahnama (@RoddRahnama) - Ridge Capital Group (@ridgecapitalgroup) LANDLORD: Robert Ves BROKERS: Ethan Moradifar (@EthanMoradifar) & Daniel Emein (@DanielEmein) LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition LOAN TERMS: 30 Year Fixed NOTE FROM LENDER: Ridge Capital Group was able to fund this purchase loan in UNDER 14 days. The client's previous lender was unable to perform and could not get the buyer approved. The client then reached out to Ridge Capital Group who was able to save the deal and close in under 14 days with the buyer only being required to put down 20%.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00