Ruben Izgelov Of We Lend Provides $6,300,000 Refinance For Luxury Residence In Englewood NJ
$6,300,000
Building Size
—
Asset Type
Single Family Residence
Closing
Jun 4, 2026
AI
The asset involved in the transaction is a luxury single-family residence positioned in Englewood, NJ. This property is currently mid-construction and is projected to surpass a market value of $10,000,000 upon completion, with a loan amount for refinancing set at $6,300,000.
Summary of transaction details:
- Property Type: Luxury Single-Family Residence
- Transaction Amount: $6,300,000
- Lender: Ruben Izgelov - We Lend
- Loan Type: Refinance
- Loan Terms: 1 year
- Market: Englewood, NJ
The transaction was facilitated by Ruben Izgelov, who represents We Lend, and showcases the company’s capability to efficiently manage high-value construction refinances, having completed the deal within 3 weeks. We Lend is supported by friends and family capital, ensuring borrowers have direct access to decision makers for faster execution on their financing needs.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93