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1625 Summitridge Drive, Bev...

Ron Sentchuk & Paul Rahimian Of Logan Investments Secure $20M Construction Loan For 15,416 SF SFR On Summitridge Dr. In Beverly Hills
FINANCEDSingle Family Residence

Ron Sentchuk & Paul Rahimian Of Logan Investments Secure $20M Construction Loan For 15,416 SF SFR On Summitridge Dr. In Beverly Hills

1625 Summitridge Drive, Beverly Hills, California 90210, United States

$20,000,000

$1,297/SF

Building Size

15,416 SF

Asset Type

Single Family Residence

Closing

May 12, 2022

AI

Located in Beverly Hills, the property at 1625 Summitridge Dr. recently underwent a closed transaction. The single-family residence spans an impressive 15,416 square feet, offering ample space for luxurious living. The deal was facilitated by broker Ron Sentchuk from Logan Investments and lender Parkview Financial, represented by Paul Rahimian. The transaction took place on May 13, 2022, and involved a loan amount of $20,000,000 for construction purposes.

Summary of transaction details

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $20,000,000
  • Address: 1625 Summitridge Dr.
  • Market: Beverly Hills
  • Square Footage: 15,416

Ron Sentchuk from Logan Investments was the representative for the buyer, while Paul Rahimian represented Parkview Financial as the lender in the deal. This successful transaction highlights the collaborative efforts of all parties involved in the construction loan.

Players

Ron Sentchuk

Broker

$143.7M

vol

16 deals

Broker
Paul Rahimian

Paul Rahimian

Parkview Financial

Lender

$247.6M

vol

8 deals

Lender
Parkview Financial
Parkview FinancialLender

Beverly Hills Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93