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12891 Deva Street, Coral Ga...

Metro Fund Inc. Provides $3M Acquisition Loan For SFR In Coral Gables
FINANCEDSingle Family Residence

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

Orlando Diaz

Metro Fund

Broker

$19.6M

vol

4 deals

Broker
Metro Fund
Metro FundLender

Coral Gables Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Loan transactions

Loading comparables…

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