Updated Sep 11, 2026
AD Mortgage LLC Provides $7M Refinance Loan For Beverly Hills SFR On Summitridge Dr
2481 Summitridge Drive
$7,000,000
$933/SF
Building Size
7,500 SF
Asset Type
Single Family Residence
Closing
Jul 22, 2022
About this deal
AI
A single-family residence located at 2481 Summitridge Dr. in the Beverly Hills market has recently undergone a loan transaction. Spanning across 7,500 square feet, this property showcases a picturesque and inviting exterior. The loan, facilitated by AD Mortgage LLC, was brokered by Merica Mackey from Mac Mortgage Inc.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $7,000,000
- Loan Type: Refinance
- Loan Terms: 12 months bank statement loan
This transaction involved key individuals and companies, namely Merica Mackey from Mac Mortgage Inc., who represented the borrower throughout the process. The loan, amounting to $7,000,000, was secured to refinance the property. Notably, the loan terms included a 12-month bank statement loan, providing flexibility and convenience for the borrower.
Players
Los Angeles 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93