Onyx Funding Facilitates $2.8M Bridge Loan For SFR In Fort Lauderdale

The property involved in this transaction is a single-family home located at 455 Bontona Ave in Fort Lauderdale. The property has a total square footage of 8,000 square feet.

Summary of transaction details:

• Property Type: Single-Family Home
• Transaction Amount: $2,758,000

The landlord in this transaction is Jeff Zeng. The brokers involved in the deal are Shaun Ashkenazy and Daniel Taylor, who represent Onyx Funding. The loan is a bridge loan with a loan amount of $2,758,000. The loan terms include 80% loan-to-cost ratio at a fixed interest rate of 7.75% for 12 months with interest-only payments.