Metro Fund Inc. Provides $3M Acquisition Loan For SFR In Coral Gables
12891 Deva Street, Coral Gables, Florida 33156, United States
$3,000,000
$750,000/SF
Building Size
4 SF
Asset Type
Single Family Residence
Closing
Nov 15, 2022
AI
A single-family residential property located at 12891 Deva St in Coral Gables recently underwent a closed transaction. The property spans approximately 4,575 square feet, making it an expansive living space for any homeowner. The transaction date was November 15, 2022.
Summary of transaction details
- Property Type: SFR
- Market: Coral Gables
- Address: 12891 Deva St
- Square Footage: 4,575
The loan for this transaction was facilitated by Metro Fund Inc. The loan officer, Jorge Maduro, worked with the lender's representatives, Orlando Diaz and Nelson Lopez, to secure a loan amount of $3,000,000. The loan type is an Acquisition Loan, and it falls under the Non-Prime Profit and Loss Program, which eliminates the need for tax returns in the application process.
Players
Coral Gables 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93