Sunset Equity Provides $2.5M Bridge Loan For Naples SFR Acquisition
2195 Sheepshead Drive, Naples, Florida 34102, United States
$2,508,000
$1,090/SF
Building Size
2,300 SF
Asset Type
Single Family Residence
Closing
Apr 21, 2022
AI
A single-family residence (SFR) located at 2195 Sheepshead Dr in Naples has been involved in a closed transaction. The property spans approximately 2,300 square feet.
Summary of Transaction Details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $2,508,000
- Market: Naples
- Loan Type: Bridge
- Loan Terms: 12 months
- Lender: Sunset Equity
- Broker: Sash Sepehran - Sunset Equity Group
Sunset Equity provided a bridge loan amounting to $2,508,000 for the property located at 2195 Sheepshead Dr. The loan is scheduled to be repaid within a period of 12 months.
Players
Naples 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
6.32%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93