Avalon McLeod Funds $1.16M Loan For Condo Acquisition In Coral Gables With Landlord Arnaldo Rodriquez
10 Aragon Avenue
$1,160,000
$725/SF
Building Size
1,600 SF
Asset Type
Condo
Closing
May 29, 2025
AI
The property asset involved is a condo located at 10 Aragon Avenue, in the Coral Gables market. This condo spans a total square footage of 1,600 and has a loan amount of $1,160,000 for acquisition purposes with a loan term of 30 years.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,160,000
- Address: 10 Aragon Avenue
- Market: Coral Gables
- Asset Size: 1,600 SF
- Lender: Avalon McLeod - McLeod Capital Fund
- Landlord: Arnaldo Rodriquez
- Loan Type: Acquisition
- Loan Terms: 30 years
In this transaction, Avalon McLeod serves as the lender representing McLeod Capital Fund, which specializes in funding investment properties and primary residences. The landlord involved in the deal is Arnaldo Rodriquez. McLeod Capital Fund is known for its streamlined process, allowing for faster and more reliable closings.
Players
Coral Gables Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.68%
Cash-on-Cash
-3.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93