Hector Castro Of Hera Lending Provides $6.39M Construction Loan For Miami Single Family Project
3256 Day Avenue
$6,396,250
$2,957/SF
Building Size
2,163 SF
Asset Type
Single Family Residence
Closing
Nov 13, 2025
AI
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
Miami 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93