Updated Jul 8, 2026
Omar Melendez Secures $1,539,930 Loan From Armando Morales For Miami Lakes Single Family Property
8540 Northwest 160th Terrace
$1,539,930
Building Size
—
Asset Type
Single Family Residence
Closing
Jul 6, 2026
About this deal
AI
The property asset involved in this transaction is a single-family residence located at 8540 Northwest 160th Terrace, Miami Lakes. The asset is associated with an investment cashflow structure and has a loan amount of $1,539,930 with terms that extend over 40 years.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,539,930
- Lender: Armando Morales - Elite Lending
- Landlord/Owner: Omar Melendez
- Loan Type: Investment dscr
- Loan Terms: 40 years
Key individuals involved in this transaction include Armando Morales, who represents the lender, Elite Lending, and Omar Melendez, the owner and landlord of the property. Their respective roles are integral to the completion of this financial agreement.
Players
Miami Lakes 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
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93