Vaster Provides $4.81M Bridge Loan For Condo In Sunny Isles Beach To George Fraguio's Buyer
FINANCED
$4,810,000
Florida
See Similar DealsCondo4 SF
Financed 09/13/2022
FINANCED
Vaster Provides $4.81M Bridge Loan For Condo In Sunny Isles Beach To George Fraguio's Buyer
17875 Collins Avenue
See Similar DealsCondo4 SF
Financed 09/13/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,202,500
Total Square Footage:4 SF
Transaction Type:Loan
A bridge loan was secured for a condo located at 17875 Collins Ave in Sunny Isles Beach. The condo spans approximately 4,131 square feet and is situated in the market of Sunny Isles Beach.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,810,000.00
- Address: 17875 Collins Ave, Sunny Isles Beach
- Market: Sunny Isles Beach
- Loan: Bridge Loan
The lender for this transaction was Vaster, represented by George Fraguio. The mortgage broker, Carmen Stevens from Global International Group, facilitated the loan amount of $4,810,000.00.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,810,000.00
Monthly NOI$32,066.67
Monthly Debt Service$30,402.47
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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