Equity Lending Solutions Provides $1.164M Bridge Loan For Coral Gables SFR
1207 Columbus Blvd Coral Gables, FL 33134, USA
$1,164,000
$519/SF
Building Size
2,242 SF
Asset Type
Single Family Residence
Closing
Aug 24, 2023
AI
The asset involved in this transaction is a single-family residence located at 1207 Columbus Boulevard in Coral Gables. The property encompasses a total square footage of 2,242 and is characterized as a single-family residence.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,164,000
- Lender: Equity Lending Solutions
- Lender's Representative: Daniel Benarroch
- Collaborator: Luigi Ferrer
- Loan Type: Bridge loan
- Loan Terms: 18 months
Key individuals involved in this transaction include Daniel Benarroch, who represents Equity Lending Solutions as the lender's representative, and Luigi Ferrer, who collaborates in the deal. Equity Lending Solutions specializes in providing reliable capital for real estate investors, including fix & flip and ground up construction loans.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.63%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93