Berk Ocal Of OCAL Capital Provides $3.99M Loan For Miami Single Family Purchase At $5.7M

The asset involved in this transaction is a single-family home located at 928 Belle Meade Island Drive in Miami. The purchase price for the property is $5,700,000, and the loan amount secured is $3,990,000, which will be financed through a 30-year acquisition loan at a rate of 6.125%. The property encompasses a total square footage of 3,150.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $5,700,000
• Loan Amount: $3,990,000
• Loan Type: Acquisition
• Loan Terms: 30 Years
• Rate: 6.125%
• Lender: OCAL Capital Corp.
• Landlord's Representative: Elena Sanilevich - Cervera Real Estate
• Lender's Representative: Berk Ocal - OCAL Capital

This successful closing has been facilitated by OCAL Capital Corp., with Berk Ocal representing the lender and Elena Sanilevich serving as the landlord's representative. OCAL Capital Corp. emphasizes its role in providing fast, flexible, and reliable funding to real estate investors and developers, demonstrating a commitment to empowering builders within South Florida's real estate market.