Vaster Grants $1.69M Bridge Loan For Continuum South Beach Condo Acquisition
FINANCED
$1,690,000
Florida
See Similar Deals1,591 SF
Financed 10/13/2021
FINANCED
Vaster Grants $1.69M Bridge Loan For Continuum South Beach Condo Acquisition
Continuum On South Beach, 100 South Pointe Dr, South Beach, Miami Beach, FL, USA
See Similar Deals1,591 SF
Financed 10/13/2021
Summary
FLORIDA
Price Per Square Foot:$1,062
Total Square Footage:1,591 SF
Transaction Type:Loan
Continuum South Beach - 100 S. Pointe Dr. in Miami Beach has recently undergone a closed property transaction. This condominium unit spans approximately 1,591 square feet, offering a comfortable living space. The transaction took place on October 13, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,690,000
- Market: Miami Beach
- Loan Type: Bridge
The lender, vaster''>Vaster, provided a loan amount of $1,690,000 for this transaction. George Fraguio represents Vaster as the lender's contact in this deal. Domingo Gandara from Cervera Real Estate acted as the sale broker in this transaction. They played a crucial role in facilitating the successful completion of the deal at Continuum South Beach.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,690,000.00
Monthly NOI$11,266.67
Monthly Debt Service$10,681.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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