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Ring Road

John Smith & Ayesha Yunus Secure £1.5M Loan For Multifamily Property In Berkhamsted
FINANCEDMultiFamily

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

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

Ayesha Yunus

Broker

$1.5M

vol

1 deal

Broker

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