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

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FINANCED
$3,000,000

Florida

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Single Family Residence4 SF
Financed 11/15/2022
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FINANCED

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

12891 Deva Street, Coral Gables, Florida 33156, United States

See Similar Deals
Single Family Residence4 SF
Financed 11/15/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$750,000
Total Square Footage:4 SF
Transaction Type:Loan

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
Orlando Diaz
4 deals$19.6M volume
BROKER
Metro Fund
Metro Fund
LENDER

Details

FINANCED
IMAGE: Jorge Maduro, Orlando Diaz & Nelson Lopez DATE: 11/15/2022 ADDRESS: 12891 Deva St MARKET: Coral Gables ASSET TYPE: SFR ~ SF: 4,575 LENDER: Metro Fund Inc. - Orlando Diaz (@ODiaz314) & Nelson Lopez (@LendingwithNelly) LOAN OFFICER: Jorge Maduro (@jorgermaduro) - Metro Fund, Inc. (@MetroFundGroup) LOAN AMOUNT: $3,000,000 LOAN TYPE: Acquisition Loan LOAN TERMS: Non-Prime Profit and Loss Program with no tax returns needed

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,000,000.00

Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00