Updated Oct 28, 2024
Nicole Gozini Secures $2.7M Bridge Loan For Westwood SFR Acquisition
760 Westholme Ave, Westwood, Los Angeles, CA, USA
$2,700,000
$549/SF
Building Size
4,910 SF
Asset Type
Single Family Residence
Closing
Dec 1, 2021
About this deal
AI
The property involved in the transaction is a single-family residence located at 760 Westholme Ave in Westwood. It has a total square footage of 4,910. The loan was obtained from Velocity Mortgage Capital.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $2,700,000
- Loan Type: Acquisition
- Loan Terms: 5.25% bridge loan, 75% LTV, 15 day close, zero points to lender
- Lender: Velocity Mortgage Capital
This transaction involved the borrower reaching the end of their 1031 exchange and Nicole Gozini, a direct private lender, originated and funded the loan within 15 days. For more information, interested parties can contact Nicole Gozini at (310) 295-7177.
Players
Los Angeles Single Family Residence Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93