Jennifer Lopez Secures $1.35M Refinance Loan For SFR In Pasadena
FINANCED
$1,350,000
California
See Similar DealsSingle Family Residence6,890 SF
Financed 05/08/2023
FINANCED
Jennifer Lopez Secures $1.35M Refinance Loan For SFR In Pasadena
560 South Verdugo Drive
See Similar DealsSingle Family Residence6,890 SF
Financed 05/08/2023
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$195
Total Square Footage:6,890 SF
Transaction Type:Loan
A single-family residence located at 560 South Verdugo Drive in Pasadena has recently undergone a loan transaction. The property spans across 6,890 square feet and has been refinanced with a loan amount of $1,350,000. The loan terms are classified under the NON QM p&l program.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $1,350,000
The lender in this transaction is Solve Mortgage, while the landlord is Art Golestian. Acting as the representative from United Finance & Investments Inc., Jennifer Lopez played a vital role in facilitating the loan.
Overall, this loan transaction involving the single-family residence at 560 South Verdugo Drive in Pasadena was successfully refinanced through the NON QM p&l program, with a loan amount of $1,350,000.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,350,000.00
Monthly NOI$9,000.00
Monthly Debt Service$8,532.92
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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