Updated Dec 21, 2023
First Wholesale Lending Inc. Provides $2.55M Purchase Loan To Jason Derulo In San Fernando Valley
San Fernando Valley, California, United States
$2,550,000
$524/SF
Building Size
4,864 SF
Asset Type
Single Family Residence
Closing
Mar 8, 2022
About this deal
AI
A single-family residence (SFR) with a spacious area of 4,864 square feet in the San Fernando Valley was recently involved in a closed transaction. The property, located in an undisclosed address, was purchased by Jason Derulo.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $2,550,000
- Market: San Fernando Valley
First Wholesale Lending Inc. provided a loan of $2,550,000 to finance the purchase of the property. The loan type was a 30-year fixed term. Joseph Hendizadeh, representing First Wholesale Lending Inc., acted as the broker in this transaction.
Players
Los Angeles 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93