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8540 Northwest 160th Terrace

Updated Jul 8, 2026

Omar Melendez Secures $1,539,930 Loan From Armando Morales For Miami Lakes Single Family Property
FINANCEDSingle Family Residence

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

Armando Morales

Elite Lending

Originator

$1.5M

vol

1 deal

Originator

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

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