Updated Nov 21, 2025
Private Money Solutions Provides $7.245M Loan For SFR Tear-Down In Beverly Hills
623 North Rexford Drive, Beverly Hills, CA 90210
$7,245,000
Building Size
—
Asset Type
Single Family Residence
Closing
Dec 10, 2021
About this deal
AI
An SFR tear-down property located at 623 N. Rexford Dr. in Beverly Hills has been involved in a closed transaction. The property, assessed for its land value, was the subject of a loan obtained through Private Money Solutions. The loan amount secured was $7,245,000, and it was issued as a private money loan with a term of 18 months. The financing terms included a 100% loan-to-value ratio on the purchase and an 8.99% interest rate on an interest-only basis.
Summary of transaction details
- Property Type: SFR Tear-Down (Land Value)
- Transaction Amount: $7,245,000
- Address: 623 N. Rexford Dr., Beverly Hills
- Market: Beverly Hills
- Loan Type: Private Money Loan
- Loan Terms: 18 months, 100% LTV Financing On The Purchase, Rate: 8.99% Interest Only
Representing the transaction as a broker and lender, Nick Blatin of Private Money Solutions facilitated the loan for this property deal.
Players
Beverly Hills Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93