Equity Lending Solutions Provides $3M Bridge Loan On 520 San Marco Drive In Fort Lauderdale
FINANCED
$3,000,000
Florida
See Similar DealsSingle Family Residence5,484 SF
Financed 02/14/2023
FINANCED
Equity Lending Solutions Provides $3M Bridge Loan On 520 San Marco Drive In Fort Lauderdale
520 San Marco Drive
See Similar DealsSingle Family Residence5,484 SF
Financed 02/14/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$547
Total Square Footage:5,484 SF
Transaction Type:Loan
A bridge loan in the amount of $3,000,000 was secured for the property located at 520 San Marco Drive in Fort Lauderdale. This single-family residence boasts a spacious living area of 5,484 square feet.
Summary of transation details
- Property Type: Single Family Residence
- Transaction Amount: $3,000,000
- Lender: Equity Lending Solutions - Hector Castro
- Loan Type: Bridge Loan
Hector Castro of Equity Lending Solutions served as the representative for the lender in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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