Updated Dec 4, 2023
Fredrik Megerdichian Lends $8.6M Acquisition Loan For SFR On Pacific Coast Highway In Malibu
20802 Pacific Coast Hwy Malibu, CA 90265, USA
$8,600,000
$3,803/SF
Building Size
2,261 SF
Asset Type
Single Family Residence
Closing
Aug 1, 2023
About this deal
AI
An SFR property located at 20802 Pacific Coast Highway in Malibu has been involved in a recent transaction. The property was acquired through an acquisition loan, with an amount of $8,600,000. The loan terms include a 7.25% interest rate and a 5-year adjustable rate mortgage.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,600,000
- Lender: Fredrik Megerdichian
Claudia Flores acted as the buyer's representative in this deal. The loan was provided by Fredrik Megerdichian, and the landlord involved in the transaction is Mal Bu. The property's address is 20802 Pacific Coast Highway, in the market of Malibu.
Players
Market 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93