Jason Sims Of Serhant Represents Buyer In $4.175M Condo Purchase In Miami With E11EVEN Club Hotel And Residences As Landlord

The asset involved in this transaction is a condo located at 20 Northeast 11th Street Unit 6003 in Miami, featuring a square footage of 2,692. The purchase price for this property is $4,175,000, and the loan amount secured for this acquisition is $2,505,000 with a loan term of 30 years.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $4,175,000
• Loan Amount: $2,505,000
• Loan Type: Acquisition
• Loan Terms: 30
• Buyer’s Representative: Jason Sims - Serhant
• Lender: Neev Pettel - Cornerstone First Mortgage
• Landlord: E11EVEN Club Hotel and Residences

This transaction involves Jason Sims representing the buyer through Serhant, while Neev Pettel acts as the lender through Cornerstone First Mortgage, facilitating the financing for this purchase and specializing in a wide range of loan programs suitable for various property types, including primary homes and investment opportunities.