Updated Mar 11, 2025
Equity Lending Solutions Provides $2.8M Bridge Loan For SFR In North Miami
551 Keystone Terrace
$2,800,000
$1,335/SF
Building Size
2,097 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2023
About this deal
AI
Located in the North Miami market, the property at 13225 Arch Creek Terrace is a single-family residence with approximately 4,500 square feet of space. The property was involved in a recent loan transaction.
Summary of transaction details
- Property Type: SFR - Single-Family Residence
- Transaction Amount: $2,800,000
- Market: North Miami
The lender for this loan transaction was Equity Lending Solutions, with Hector Castro representing the lender. The loan amount provided was $2,800,000, and the loan type was a Bridge Loan with a term of 18 months, consisting of interest-only payments.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93