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Harrison Fahemi Secures $1.5 Million Refinance Loan From Ridge Capital Group For Los Angeles Home

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FINANCED
$1,500,000

California

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Single Family Residence5,800 SF
Financed 02/10/2025
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FINANCED

Harrison Fahemi Secures $1.5 Million Refinance Loan From Ridge Capital Group For Los Angeles Home

2716 Casiano Road

See Similar Deals
Single Family Residence5,800 SF
Financed 02/10/2025
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Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$258
Total Square Footage:5,800 SF
Transaction Type:Loan

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

Ethan Moradifar
4 deals$19.6M volume
BROKER

Rodd Rahnama
Ridge Capital Group
4 deals$19.6M volume
BROKER

Daniel Emein
Ridge Capital Group
2 deals$4.5M volume
BROKER

Ridge Capital Group
BROKERAGE

Details

FINANCED
IMAGE: Ethan Moradifar, Rodd Rahnama & Daniel Emein DATE: 02/10/2025 ADDRESS: 2716 Casiano Road MARKET: Los Angeles ASSET TYPE: Single Family~ SF: 5,800 LENDER: Ridge Capital Group LANDLORD: Harrison Fahemi BROKERS: Ethan Moradifar (@EthanMoradifar), Rodd Rahnama (@RoddRahnama) & Daniel Emein (@DanielEmein) (@GFunding_Daniel) - Ridge Capital Group (@RidgeCapitalGroup) LOAN AMOUNT: $1,500,000 LOAN TYPE: Refinance LOAN TERMS: HELOC NOTE FROM BROKER: Ridge Capital Group was able to assist their client in obtaining a line of credit on their home with NO income documents. Client was qualified based only on 12 months of reserves. If you are looking for a line of credit you can reach us at [email protected] (424) 293-0033

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,500,000.00

Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00