Equity Lending Solutions Provides $6M Construction Loan For 6-Unit Multifamily In Pompano Beach

The property involved in the transaction is a multifamily asset located at 3230 Northeast 7th Street in Pompano Beach. The asset comprises six townhouses, each measuring 2,500 square feet, totaling 15,000 square feet. The transaction was financed with a construction loan of $6,000,000 for a period of 18 months, with interest-only payments. These townhouses are positioned directly in front of the beach.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Units: 6
• Square Footage: 15,000
• Address: 3230 Northeast 7th Street
• Market: Pompano Beach
• Lender: Equity Lending Solutions - Hector Castro
• Loan Type: Construction
• Loan Terms: 18 months (Interest Only)

The key individual facilitating the financing of this project is Hector Castro, representing Equity Lending Solutions as the lender. The loan is designated for the construction of the six townhouses, which is notable for their beach front location.