Equity Lending Solutions Provides $10.8MM Construction Loan For Davie Luxury Homes

A development site comprising 12 single-family residences with a total square footage of 48,280 square feet and a buildable square footage of 108,000 square feet located in Davie, Broward County, South Florida was the subject of a recent transaction. The loan secured for this project was facilitated by Hector Castro & Ricardo Acevedo from Equity Lending Solutions.

Summary of transaction details:

• Property Type: Development Site ~ SFR: 12 ~ SF: 48,280 ~ BSF: 108,000
• Transaction Amount: $10,809,493.40
• Lender: Hector Castro & Ricardo Acevedo - Equity Lending Solutions
• Loan Type: Construction Loan
• Loan Terms: Interest Only, 24 Months, No Prepayment Penalty

In less than 21 days, Equity Lending Solutions successfully arranged a $10.8 million construction loan for the development site in Davie, Florida. The swift execution of this loan underscores the expertise of Hector Castro & Ricardo Acevedo in the realm of real estate financing, showcasing their commitment to driving profitable ventures for clients not only in Florida but also across the United States.