Updated Oct 29, 2024
Shatar Capital Inc. Provides $1.4M Bridge Loan For Single-Family Home In Encino
4952 Encino Avenue, Encino, CA 91316, USA
$1,400,000
$387/SF
Building Size
3,610 SF
Asset Type
Single Family Residence
Closing
Apr 2, 2019
About this deal
AI
A single-family property located at 4952 Encino Ave in Encino was involved in a closed transaction. The loan amount for this transaction was $1,400,000, provided by Shatar Capital Inc. The loan terms for this 12-month bridge loan included high leverage and no prepayment penalty. The loan was funded within 2 days of submission.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $1,400,000
The lender for this transaction, Shatar Capital Inc., played a significant role in providing the necessary funds. The quick funding process, within 2 days of submission, indicates the efficiency of the lender. The high leverage offered by the loan terms allowed the borrower to maximize their borrowing capacity. Additionally, the absence of a prepayment penalty provides flexibility to the borrower.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93