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Loan · Single Family Residence

Simon Rishty & Max Chera Close $1.22M Construction Loan In Oakhurst For Single Family Asset
FINANCEDSingle Family Residence

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

Express Capital Financing
Express Capital FinancingLender

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