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Equity Lending Solutions Provides $2.38M Bridge Loan For Sunny Isles Beach Condo | Hector Castro

Property Image
FINANCED
$2,380,000
Sergio Waissmann
Kevin Waissmann
Marlui Rivas
+ 11

Florida

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3,176 SF
Financed 02/11/2022
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Property Image
FINANCED

Equity Lending Solutions Provides $2.38M Bridge Loan For Sunny Isles Beach Condo | Hector Castro

18975 Collins Avenue, Sunny Isles Beach, Florida 33160, United States

See Similar Deals
3,176 SF
Financed 02/11/2022
Sergio Waissmann
Kevin Waissmann
Marlui Rivas
+ 11
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$749
Total Square Footage:3,176 SF
Transaction Type:Loan

A 24-month bridge loan has been secured for a condominium located at 18975 Collins Ave, Unit 1702 in Sunny Isles Beach. The condo spans 2,682 square feet and is part of Equity Lending Solutions' lending portfolio. The loan, totaling $2,380,000, was facilitated by Hector Castro, who represents Equity Lending Solutions in this transaction.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $2,380,000
  • Address: 18975 Collins Ave, Unit 1702
  • Market: Sunny Isles Beach
  • Loan Type: Bridge

Hector Castro of Equity Lending Solutions played a key role in securing this 24-month bridge loan for the property. The loan terms include no prepayment penalty, providing flexibility for the borrower.

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Equity Lending Solutions
Equity Lending Solutions
LENDER

Details

FINANCED
IMAGE: Hector Castro DATE: 02/11/2022 ADDRESS: 18975 Collins Ave, Unit 1702 MARKET: Sunny Isles Beach ASSET TYPE: Condo ~ SF: 2,682 LENDER: Equity Lending Solutions (@EquityLendingSolutions) - Hector Castro LOAN AMOUNT: $2,380,000 LOAN TYPE: Bridge LOAN TERMS: 24 Month Bridge Loan, No Prepayment Penalty

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,380,000.00

Monthly NOI$15,866.67
Monthly Debt Service$15,043.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00