Updated Oct 25, 2024
Jennifer Lopez Secures $1.35M Refinance Loan For SFR In Pasadena
560 South Verdugo Drive
$1,350,000
$195/SF
Building Size
6,890 SF
Asset Type
Single Family Residence
Closing
May 8, 2023
About this deal
AI
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
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Deal FAQ
Visit Jennifer Lopez to view all their deals.
Browse California single family residence loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93