Hector Castro Of Hera Lending Provides $2.17M Construction Loan For Miami Single Family Home
444 Southwest 26th Road
$2,167,500
$321/SF
Building Size
6,750 SF
Asset Type
Single Family Residence
Closing
Jul 23, 2025
AI
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.
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
7.32%
Cash-on-Cash
-2.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93