Oguz Murat Otay Secures $1.365M Loan For 5301 Alton Road Acquisition In Miami Beach
FINANCED
$1,365,000
Florida
See Similar DealsSingle Family Residence2,155 SF
Financed 09/16/2024
FINANCED
Oguz Murat Otay Secures $1.365M Loan For 5301 Alton Road Acquisition In Miami Beach
5301 Alton Road
See Similar DealsSingle Family Residence2,155 SF
Financed 09/16/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$633
Total Square Footage:2,155 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,365,000.00
Monthly NOI$9,100.00
Monthly Debt Service$8,627.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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