Equity Lending Solutions Provides $1.164M Bridge Loan For Coral Gables SFR
FINANCED
$1,164,000
Florida
See Similar DealsSingle Family Residence2,242 SF
Financed 08/24/2023
FINANCED
Equity Lending Solutions Provides $1.164M Bridge Loan For Coral Gables SFR
1207 Columbus Blvd Coral Gables, FL 33134, USA
See Similar DealsSingle Family Residence2,242 SF
Financed 08/24/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$519
Total Square Footage:2,242 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,164,000.00
Monthly NOI$7,760.00
Monthly Debt Service$7,357.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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