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226 Cove Place, Jupiter, FL...

Onyx Funding Provides $1.28M Refinance Loan For SFR In Jupiter
FINANCEDSingle Family Residence

Onyx Funding Provides $1.28M Refinance Loan For SFR In Jupiter

226 Cove Place, Jupiter, FL, USA

$1,280,000

$311/SF

Building Size

4,109 SF

Asset Type

Single Family Residence

Closing

May 12, 2021

AI

226 Cove Place in Jupiter was recently involved in a loan transaction. The property, a single-family residence (SFR), underwent a refinance process. The loan amount for this transaction was $1,280,000, and the terms of the loan were set at 30 years with a fixed interest rate. The details of the transaction were shared on Instagram by Daniel Taylor.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $1,280,000
  • Loan Type: Refinance
  • Loan Terms: 30 Years, Fixed Rate - Rental Property Loan

Daniel Taylor of Onyx Funding served as the broker for this loan transaction. Onyx Funding is a reputable agency in the industry, known for their expertise in mortgage lending. The involvement of Daniel Taylor showcases the commitment of Onyx Funding in providing excellent financial solutions.

This loan transaction represents a significant opportunity for the property owner to refinance their asset, allowing them to potentially access better loan terms and manage their finances more effectively. The refinancing process can provide benefits such as lower interest rates, improved cash flow, and increased financial stability. With the assistance of Daniel Taylor and Onyx Funding, the property owner was able to navigate this process successfully.

Players

Daniel Taylor

Onyx Funding

Broker

$33.4M

vol

10 deals

Broker

Jupiter 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

12.39%

Cash-on-Cash

-3.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93