Equity Lending Solutions Provides $2.8M Bridge Loan For SFR In North Miami
FINANCED
$2,800,000
Florida
See Similar DealsSingle Family Residence2,097 SF
Financed 02/28/2023
FINANCED
Equity Lending Solutions Provides $2.8M Bridge Loan For SFR In North Miami
551 Keystone Terrace
See Similar DealsSingle Family Residence2,097 SF
Financed 02/28/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,335
Total Square Footage:2,097 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,800,000.00
Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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