Hector Castro Of Hera Lending Provides $2.17M Construction Loan For Miami Single Family Home
FINANCED
$2,167,500
Florida
See Similar DealsSingle Family Residence6,750 SF
Financed 07/24/2025
FINANCED
Hector Castro Of Hera Lending Provides $2.17M Construction Loan For Miami Single Family Home
444 Southwest 26th Road
See Similar DealsSingle Family Residence6,750 SF
Financed 07/24/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$321
Total Square Footage:6,750 SF
Transaction Type:Loan
The property asset involved in the transaction is a single-family home located at 444 Southwest 26th Road in the Miami market. The property features a size of 6,750 square feet.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,167,500
- Lender: Hector Castro - Hera Lending
- Loan Type: Construction
- Loan Terms: 18 months
- Date of Transaction: 07/24/2025
The deal was represented by Hector Castro from Hera Lending, who facilitated the construction loan for the property transaction. The agreement specifies loan terms of 18 months, aligning with the construction project needs.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,167,500.00
Monthly NOI$14,450.00
Monthly Debt Service$13,700.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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