Simon Rishty & Max Chera Close $1.22M Construction Loan In Oakhurst For Single Family Asset
$1,222,380
$873/SF
Building Size
1,400 SF
Asset Type
Single Family Residence
Closing
Jan 24, 2025
AI
The asset involved in this transaction is a single-family home located in the Oakhurst market, featuring a square footage of 1,400. The loan amount secured for this construction project is $1,222,380, allocated for a duration of 12 months.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,222,380
- Market: Oakhurst
- Lender: Simon Rishty & Max Chera - Express Capital Financing
- Loan Type: Construction
- Loan Terms: 12 Months
Key individuals involved in this transaction include Simon Rishty and Max Chera, both representing Express Capital Financing as the lenders for this construction loan. Their expertise plays a significant role in facilitating the financing for this project.
Players
Market 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
12.98%
Cash-on-Cash
-3.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93