Deal Summary
INSIGNIA arranged $8,000,000 of acquisition financing for an 8,464 square foot single family rental property in Beverly Hills, California. The loan equals 79.5% of the appraised value.
| Item | Detail |
|---|---|
| Transaction type | Acquisition financing |
| Property | Single family residence, 8,464 square feet, 5 bedrooms, 6 baths, built 1990 |
| Site | 0.74 acres, hillside lot with pool and three car garage |
| Location | Beverly Hills, California 90210 |
| Appraised value | $10,058,000 |
| Total financing | $8,000,000 |
| Loan to value | 79.5% |
The Transaction
The sponsor, a real estate investor, acquired a two-story hillside estate in the Beverly Hills 90210 market for use as a single family rental. The property sits on a gated cul-de-sac lot with city and mountain views, and its comparable lease market supports high-end rental demand. INSIGNIA arranged an asset-based acquisition loan, sized on the value of the real estate and funded with proprietary capital.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $8,000,000 |
| Loan to appraised value | 79.5% |
| Structure | Asset-based acquisition loan |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Acquisition and refinance financing for rental property investors is a core part of our practice, across single family, small multifamily and condominium assets.
This summary describes financing arranged for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
