Updated Dec 4, 2024
Archway Capital Provides $11.4M Acquisition Loan For SFR In Redondo Beach
417 & 421 Paseo De La Playa, Redondo Beach, Ca 90277
$11,375,000
$723/SF
Building Size
15,728 SF
Asset Type
Single Family Residence
Closing
Sep 12, 2023
About this deal
AI
The property involved in the transaction is located at 417 and 421 Paseo De La Playa in Redondo Beach. This single-family residential (SFR) property spans a total of 15,728 square feet.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $11,375,000.00
- Lender: Archway Capital - Marissa Wilbur & Joshua Kohan
- Landlord: Fred Roberts
- Brokers: Joe Anatian - EMC Financial
The key individuals involved in this deal are Marissa Wilbur and Joshua Kohan from Archway Capital, who serve as the lenders. They provided an acquisition loan to facilitate the transaction. Additionally, Joe Anatian from EMC Financial acted as the broker in the deal.
Players
Redondo Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93