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San Fernando, California, U...

Richard Khalifa Secures $1.1M Acquisition Loan In San Fernando Valley
FINANCEDSingle Family Residence

Richard Khalifa Secures $1.1M Acquisition Loan In San Fernando Valley

San Fernando, California, United States

$1,100,000

$144/SF

Building Size

7,630 SF

Asset Type

Single Family Residence

Closing

Dec 28, 2021

AI

A single-family residential property in the San Fernando Valley has been involved in a closed transaction. The property spans an area of 7,630 square feet.

Summary of transaction details:

  • Property Type: Single-Family Residential
  • Transaction Amount: $1,100,000
  • Market: San Fernando Valley

The loan for this transaction was facilitated by Richard Khalifa, a loan officer. The loan was acquired through Hypotec Inc., represented by the broker, Stephen Sweeney. The loan amount was $1,100,000, and it was an acquisition loan with a 30-year term.

Players

Stephen Sweeney

The Beverly Hills Estates

Broker

$68.1M

vol

8 deals

Broker
Varde Mortgage Capital
Varde Mortgage CapitalLender

San Fernando Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93