Yuval Elkeslasi Acquires 4,361 SF Condo In Sunny Isles Beach For Bridge Loan Of $3.49M
15701 Collins Avenue, North Miami Beach, Florida 33160, United States
$3,487,500
$799/SF
Building Size
4,361 SF
Asset Type
Condo
Closing
Jan 25, 2022
AI
The property involved in this transaction is a condominium unit located at 15701 Collins Ave Unit 4901 in Sunny Isles Beach. The unit has a total area of 4,361 square feet.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,487,500
- Loan Type: Bridge Loan
The lender in this deal was Yonel Devico. The broker representing the borrower was Yuval Elkeslasi from Goldsmith Equity.
The borrower required a quick closing as the contract became binding. The team at Hard Money Lenders, a boutique private money lender based in Aventura, Florida, worked tirelessly to ensure a timely completion of the loan.
Players
North Miami Beach 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
4.55%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93