Updated Oct 28, 2024
City First Mortgage Provides $3.5M Construction Loan For SFR In Southwest Ranches
17841 Southwest 70th Place
$3,500,000
$413/SF
Building Size
8,460 SF
Asset Type
Single Family Residence
Closing
Jul 29, 2022
About this deal
AI
The property involved in this closed transaction is a single-family home located at 17841 SW 70th Pl in Southwest Ranches. The property has a total area of 8,460 square feet. The market value of the property is not specified.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: Not specified
The lender in this transaction is City First Mortgage, providing a construction loan to the borrower, Roberto Bologna. The loan amount is $3,500,000, and the loan type is construction. The loan terms are for a duration of 18 months.
The broker representing the borrower in this deal is Yillian Iglesias from Gold Financial Services LLC.
Players
Southwest Ranches 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93