Union Home Loans Provides $1.89M Construction Loan For SFR In Glendale
FINANCED
$1,890,000
California
See Similar DealsSingle Family Residence11,508 SF
Financed 05/24/2023
FINANCED
Union Home Loans Provides $1.89M Construction Loan For SFR In Glendale
2551 N Verdugo Rd Glendale, CA 91208, USA
See Similar DealsSingle Family Residence11,508 SF
Financed 05/24/2023
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$164
Total Square Footage:11,508 SF
Transaction Type:Loan
The property involved in this closed transaction is a single-family residential (SFR) located at 2551 North Verdugo Road in Glendale. The property has a size of 11,508 square feet.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Date: 05/24/2023
- Address: 2551 North Verdugo Road, Glendale
- Market: Glendale
- Asset Square Footage: 11,508
The lender involved in this transaction is Union Home Loans. The landlord of the property is Art Golestian. The broker who facilitated the deal is Jennifer Lopez from United Finance & Investments Inc.
The loan amount for this transaction is $1,890,000. The loan type is a construction loan, specifically a construction completion loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,890,000.00
Monthly NOI$12,600.00
Monthly Debt Service$11,946.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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