Oguz Murat Otay Secures $1.365M Loan For 5301 Alton Road Acquisition In Miami Beach
5301 Alton Road
$1,365,000
$633/SF
Building Size
2,155 SF
Asset Type
Single Family Residence
Closing
Sep 16, 2024
AI
The property involved in this transaction is a single-family home located at 5301 Alton Road, Miami Beach, with a total square footage of 2,155. The loan amount for this acquisition is $1,365,000, structured with a 2-year interest-only term.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $1,365,000
- Lender: Berk Ocal - OCAL Capital Corp
- Landlord: Oguz Murat Otay
- Broker: Erman Adanir - Disruptive Real Estate
- Market: Miami Beach
This transaction features key individuals such as Berk Ocal, acting as the lender from OCAL Capital Corp, and Oguz Murat Otay, who assumes the role of landlord. Erman Adanir of Disruptive Real Estate serves as the broker managing the deal.
Players
Miami Beach 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
11.62%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93