FINANCEDSingle Family Residence
Equity Lending Solutions Provides $3M Bridge Loan On 520 San Marco Drive In Fort Lauderdale
520 San Marco Drive
$3,000,000
$547/SF
Building Size
5,484 SF
Asset Type
Single Family Residence
Closing
Feb 14, 2023
AI
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.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93