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Hector Castro Of Hera Lending Provides $6.39M Construction Loan For Miami Single Family Project

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FINANCED
$6,396,250

Florida

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Single Family Residence2,163 SF
Financed 11/14/2025
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Property Image
FINANCED

Hector Castro Of Hera Lending Provides $6.39M Construction Loan For Miami Single Family Project

3256 Day Avenue

See Similar Deals
Single Family Residence2,163 SF
Financed 11/14/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,957
Total Square Footage:2,163 SF
Transaction Type:Loan

A loan for a construction project has been secured at 3256 Day Avenue in Miami, with an asset type classified as Single Family. The total square footage of the property is 2,163. The loan amount is $6,396,250, which is designated for a duration of 24 months.

Summary of transation details:

  • Property Type: Single Family
  • Transaction Amount: $6,396,250
  • Lender: Hector Castro - Hera Lending
  • Loan Type: Construction
  • Loan Terms: 24 months
  • Date: 11/14/2025
  • Market: Miami

The loan was provided by Hector Castro representing Hera Lending, which specializes in funding for real estate investors and developers. Hera Lending is committed to fostering partnerships and driving successful project outcomes in South Florida.

Players

Hector Castro
Hera Lending
Hector Castro
11 deals$49.4M volume
LENDER
Hera Lending
Hera Lending
LENDER

Details

FINANCED
IMAGE: Hector Castro DATE: 11/14/2025 ADDRESS: 3256 Day Avenue MARKET: Miami ASSET TYPE: Single Family ~ SF: 2,163 LENDER: Hector Castro (@HectorCastro_Hera) - Hera Lending (@HeraLending) LOAN AMOUNT: $6,396,250 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: We're proud to announce another successful funding by HERA Lending: a $6.3 million loan secured for a significant ground-up construction project right here in Miami, FL! At HERA Lending, we specialize in providing fast, flexible, and reliable funding for real estate investors and developers who are shaping the future of South Florida's landscape. This project exemplifies our commitment to empowering builders with the capital solutions they need to turn blueprints into thriving communities. We are dedicated to building strong, transparent partnerships and driving successful outcomes. Are you ready to build? Connect with the HERA team today to explore how we can support your next real estate vision.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,396,250.00

Monthly NOI$42,641.67
Monthly Debt Service$40,428.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00