Equity Lending Solutions Provides $19M Loan For 40-Unit Development In Orlando

The development site located at 616 Lakeview Avenue in Winter Garden spans 95,000 square feet and was the subject of a recent transaction involving a loan. The loan, provided by Rafael Casas and Gabriel Sultan of Equity Lending Solutions, amounted to $19,045,000.00 and was specifically structured as a Construction Loan with interest-only payments for 24 months and no prepayment penalty.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,045,000.00
• Address: 616 Lakeview Avenue
• Market: Winter Garden
• Lender: Rafael Casas & Gabriel Sultan - Equity Lending Solutions
• Loan Terms: Interest Only, 24 Months, No Prepayment Penalty

Equity Lending Solutions, the lender behind the $19 million loan for the development site, is recognized for its active participation in both residential and commercial lending within the Florida market. ELS prides itself on offering favorable terms and expedited closing timelines, catering to borrowers seeking financing solutions in the real estate sector. For any loan-related inquiries, interested parties can reach out to Equity Lending Solutions at [email protected].