Updated Oct 29, 2024
Shatar Capital Inc. Provides $2.1M Bridge Loan For Woodland Hills Single-Family Property
5096 Llano Drive, Woodland Hills, CA 91364, USA
$2,100,000
$381/SF
Building Size
5,500 SF
Asset Type
Single Family Residence
Closing
Apr 29, 2019
About this deal
AI
Located in Woodland Hills, the property at 5096 Llano Dr recently underwent a closed transaction. This single-family home, with a loan amount of $2.1 million, was acquired through a 12-month bridge loan provided by Shatar Capital Inc. The loan was secured within a 2-day closing timeframe, showcasing the efficiency of the deal. The loan terms allowed for the utilization of additional collateral, which provided higher leverage for the acquisition financing. Representing the buyer in this transaction was @DanielNamvar from the brokerage firm.
Summary of transaction details:
- Property Type: Singlefamily
- Transaction Amount: $2.1M
- Loan Terms: 12-month bridge loan
- Lender: Shatar Capital Inc.
- Broker: @DanielNamvar
The successful completion of this real estate deal highlights the strategic collaboration between the lender, Shatar Capital Inc., and the buyer's representative, @DanielNamvar. Through their expertise, the buyer was able to secure 100% acquisition financing, thanks to the implementation of additional collateral that allowed for higher leverage. This transaction underscores the importance of experienced professionals who can navigate the complexities of real estate financing.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93