Vaster Capital Provides $5.36M Bridge Loan For SFR In Fort Lauderdale
300 Royal Plaza Drive, Fort Lauderdale, Florida 33301, United States
$5,362,500
$737/SF
Building Size
7,269 SF
Asset Type
Single Family Residence
Closing
Sep 19, 2022
AI
The property involved in this transaction is a single-family residence located at 300 Royal Plaza Dr in Fort Lauderdale. The transaction took place on September 20, 2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $5,362,500
- Address: 300 Royal Plaza Dr
- Market: Fort Lauderdale
Vincent Diaz from vaster''>Vaster Capital served as the lender in this transaction. Diego Londono from American Portfolio Mortgage Corporation acted as the mortgage broker.
This was a bridge loan deal, providing financing for the purchase of the property.
Fort Lauderdale 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
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93