Equity Lending Solutions Funds $2.4M Construction Loan For Placida Development Site
FINANCED
$2,400,000
Florida
See Similar DealsDevelopment Site
Financed 02/29/2024
FINANCED
Equity Lending Solutions Funds $2.4M Construction Loan For Placida Development Site
Development Site
Financed 02/29/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
Development Site located in Placida, FL was involved in a loan transaction facilitated by Equity Lending Solutions. The developer, Carlos Perales Sihuay, secured a $2,400,000 Construction Loan with a 2-year term and no prepayment penalty. Nelson (Nelly) Lopez from United Mortgage Corporation acted as the broker in this deal.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,400,000
- Market: Placida, FL
- Lender: Equity Lending Solutions
- Developer: Carlos Perales Sihuay
- Broker: Nelson (Nelly) Lopez - United Mortgage Corporation
- Loan Type: Construction Loan
- Loan Terms: 2yr term NO prepayment penalty
The collaboration in this real estate transaction involved key individuals such as developer Carlos Perales Sihuay and broker Nelson (Nelly) Lopez from United Mortgage Corporation. The lender, Equity Lending Solutions, provided the necessary funding for the development site in Placida, FL.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,400,000.00
Monthly NOI$16,000.00
Monthly Debt Service$15,169.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions