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10 Aragon Avenue

Avalon McLeod Funds $1.16M Loan For Condo Acquisition In Coral Gables With Landlord Arnaldo Rodriquez
FINANCEDCondo

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

McLeod Capital Fund
McLeod Capital FundLender

Avalon McLeod

McLeod Capital Lending

Originator

$10.4M

vol

5 deals

Originator

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