Ohr Shlomo Synagogue Secures $750,000 Construction Loan From TD Bank For Development Site In Pomona
5 White Birch Drive
$750,000
$171/SF
Building Size
4,376 SF
Asset Type
Development Site
Closing
Sep 29, 2025
AI
The property involved in this transaction is a development site located at 5 White Birch Drive in the Pomona market, with a total square footage of 4,376. The loan amount secured for this development project is $750,000, classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $750,000
- Lender: TD Bank
- Landlord: Ohr Shlomo Synagogue
- Broker: Daniel Lerer - GFI Realty Services
- Loan Type: Construction
This transaction is represented by broker Daniel Lerer from GFI Realty Services, who played a key role in facilitating the loan arrangement for the landlord, Ohr Shlomo Synagogue. The lender for this construction loan is TD Bank, further establishing the financial backing for the development site project.
Players
Pomona Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93