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
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