Updated Dec 4, 2024
Meridian Capital Group Arranges $10M Refinance Loan For Single Family Home In Malibu
3200 Retreat Court
$10,000,000
Building Size
—
Asset Type
Single Family
Closing
Dec 19, 2023
About this deal
AI
The property involved in this closed transaction is a Single Family home located at 3200 Retreat Ct in Malibu. The transaction involved a loan refinance.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Address: 3200 Retreat Ct
- Market: Malibu
The loan for this transaction was facilitated by Meridian Capital Group, with brokers Matt Buggenhagen, Jason Labriola, and Anthony Colicino representing the parties involved in the deal. The loan amount was $10,000,000 with a 10-year term and 30-year amortization.
On the Map
$10,000,000
Single Family
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Players
Malibu Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93