Andrew Singer Of W Financial Provides $3.25M Refinance Loan For Sarasota Condo Transaction
$3,250,000
Building Size
—
Asset Type
Condo
Closing
Jun 25, 2025
About this deal
AI
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
Market 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93