Updated Aug 24, 2026
Harrison Fahemi Secures $1.5 Million Refinance Loan From Ridge Capital Group For Los Angeles Home
2716 Casiano Road
$1,500,000
$258/SF
Building Size
5,800 SF
Asset Type
Single Family Residence
Closing
Feb 10, 2025
About this deal
AI
The property asset involved in this transaction is a single-family home located at 2716 Casiano Road in the Los Angeles market. This residence boasts a square footage of 5,800 and has a loan amount of $1,500,000 associated with it.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,500,000
- Address: 2716 Casiano Road
- Market: Los Angeles
- Asset Size: 5,800 SF
- Lender: Ridge Capital Group
- Landlord: Harrison Fahemi
- Loan Type: Refinance
- Loan Terms: HELOC
The key individuals involved in the deal include Ethan Moradifar, Rodd Rahnama, and Daniel Emein, who represent Ridge Capital Group. This firm successfully assisted their client in obtaining a line of credit on their home without requiring income documentation, qualifying the client based solely on 12 months of reserves.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93