Logan Investments Provides $2.5M 2nd Trust Deed Loan For Pacific Palisades SFR
1476 Amalfi Drive, Pacific Palisades, California 90272, United States
$2,500,000
$429/SF
Building Size
5,823 SF
Asset Type
Single Family Residence
Closing
Sep 9, 2021
AI
Located at 1476 Amalfi Drive in Pacific Palisades, this single-family home offers a spacious living area of 5,823 square feet. The property was involved in a recent closed transaction and is visually captured in an image by Ron Sentchuk.
Summary of transaction details
- Property Type: Single-Family Home
- Market: Pacific Palisades
- Loan Amount: $2,500,000
- Loan Type: 2nd Trust Deed SFR
- Loan Terms: 2nd trust deed, 12 Months
- Lender: Logan Investments ([email protected])
- Landlord: Brian Cites
- Broker: Ron Sentchuk
Distinctly, Brian Cites is the landlord of this property, and the loan amount for this transaction is $2,500,000. The loan type is a 2nd Trust Deed SFR with a term of 12 months. Ron Sentchuk, a representative from Logan Investments, acted as the broker in facilitating this deal.
Players
Pacific Palisades 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93