Updated Oct 29, 2024
John Smith & Ayesha Yunus Secure £1.5M Loan For Multifamily Property In Berkhamsted
Ring Road
$1,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 13, 2020
About this deal
AI
A loan of £1,500,000 was secured for a multifamily property located at Ring Road in Berkhamsted. The loan transaction was completed on September 14, 2020. The property asset involved in this closed transaction includes multiple residential units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: £1,500,000
- Loan Lender: Aspen - Jack Coombs
- Borrowers' Representatives: John Smith - Fieldfisher, Ayesha Yunus - Ola Leslie Solicitors
John Smith, from the law firm Fieldfisher, and Ayesha Yunus, from Ola Leslie Solicitors, represented the parties involved in this loan transaction.
Players
Sofia MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93