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Ty Cueva's Luxury SFR Construction In Bel Air Secures $20.8M Loan From Castellan Capital

Property Image
FINANCED
$20,800,000

California

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Other40,000 SF
Financed 07/27/2018
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Property Image
FINANCED

Ty Cueva's Luxury SFR Construction In Bel Air Secures $20.8M Loan From Castellan Capital

10697 Somma Way, Los Angeles, CA 90077, USA

See Similar Deals
Other40,000 SF
Financed 07/27/2018
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Other
Price Per Square Foot:$520
Total Square Footage:40,000 SF
Transaction Type:Loan

A luxury single family residential construction located at 10697 Somma Way in the Bel Air market has recently undergone a closed transaction. The property spans approximately 40,000 square feet.

Summary of transaction details

  • Property Type: Luxury SFR Construction
  • Transaction Amount: $20,800,000
  • Date: 7/27/2018
  • Market: Bel Air
  • Landlord/Developer: Ty Cueva @westsidepropertygroup
  • Lender: @CastellanCapital

This transaction involved a loan with a term of 2 years and a floating interest rate. Daniella Marca and Ty Cueva can be seen in the provided image associated with this transaction.

Players

Castellan Capital
Castellan Capital
LENDER

Details

FINANCED
IMAGE: Daniella Marca and Ty Cueva DATE: 7/27/2018 ADDRESS: 10697 Somma Way MARKET: Bel Air ASSET TYPE: Luxury SFR Construction SF: 40,000 AMOUNT: $20,800,000 TERM: 2 Years RATE: Floating LANDLORD/DEVELOPER: Ty Cueva @westsidepropertygroup LENDER: @CastellanCapital

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,800,000.00

Monthly NOI$138,666.67
Monthly Debt Service$131,470.15
Change in Cash Flow$0.00
Refinance Proceeds$0.00