Updated Oct 14, 2026
Nez Elabbassy Of Clear Rate Mortgage Secures $3,300,000 Refinance Loan In Destin
$3,300,000
$678/SF
Building Size
4,863 SF
Asset Type
Single Family Residence
Closing
Sep 19, 2026
About this deal
AI
The asset involved in this transaction is a single-family home located in Destin, with a total square footage of 4,863. The property was refinanced for a loan amount of $3,300,000.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $3,300,000
- Market: Destin
- Loan Type: Refinance
- Originator: Nez Elabbassy - Clear Rate Mortgage
Nez Elabbassy from Clear Rate Mortgage acted as the loan originator in this transaction, facilitating the refinance process for the property owner. The transaction reflects the efforts made by the involved parties to secure favorable financing terms for the property.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93