Andrew Singer Of W Financial Provides $3.25M Refinance Loan For Sarasota Condo Transaction
FINANCED
Florida
See Similar DealsCondo
Financed 06/26/2025
Summary
FLORIDA
Asset Type:Condo
Transaction Type:Loan
The transaction involves a condo located in Sarasota. The deal included a loan for the amount of $3,250,000, classified as a refinance. The asset was handled between various parties, ensuring a smooth transaction process.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,250,000
- Lender: Andrew Singer - W Financial
- Brokers: Jordan Horowitz & Michael Horowitz - Cooper Horowitz
- Date: 06/26/2025
- Loan Type: Refinance
Key individuals involved in this transaction include Andrew Singer, who acted as the lender, and the brokerage team of Jordan and Michael Horowitz, representing the asset. Their roles were crucial in facilitating the refinance process for the condo in Sarasota.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,250,000.00
Monthly NOI$21,666.67
Monthly Debt Service$20,542.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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