Ethan Moradifar & Rodd Rahnama Provide $2M Loan For Lorenzo Semple's Acquisition In Los Angeles

The asset involved in the transaction is a single-family home located at 973 Wellesley Avenue in the Los Angeles market. The property has a total square footage of 2,000 and was acquired through a loan amounting to $2,000,000 under a 30-year fixed loan type.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $2,000,000
• Loan Type: Acquisition
• Loan Terms: 30 Year Fixed
• Lender: Ethan Moradifar & Rodd Rahnama - Ridge Capital Group
• Landlord: Lorenzo Semple

Ethan Moradifar and Rodd Rahnama from Ridge Capital Group facilitated the buyer's acquisition of the property, achieving this in under 20 calendar days. The buyer's qualification process utilized only a profit and loss statement, without requiring tax returns or transcripts.