Isaac Antar Of Express Capital Financing Provides $1.05M Refinance Loan For Multifamily In Daytona Beach

The asset involved in this transaction is a multifamily property located in Daytona Beach, consisting of 8 units and offering a total square footage of 5,928. The loan amount secured for this property is $1,049,700 as part of a refinance loan type with a 30-year fixed term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,049,700
• Market: Daytona Beach
• Lender: Isaac Antar - Express Capital Financing
• Loan Type: Refinance
• Loan Terms: 30 year fixed
• Units: 8
• Square Footage: 5,928

The borrower benefited from refinancing, successfully exiting a short-term bridge loan and securing a longer-term financing solution at a lower interest rate. This strategic move allows for the reinvestment of cash pulled from the transaction.