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Gabriel Sultan Of Equity Lending Solutions Originates $13.24M Loan For Orlando Construction Project

Property Image
FINANCED
$13,237,000

Florida

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Single Family Residence59,000 SF
Financed 07/19/2024
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Property Image
FINANCED

Gabriel Sultan Of Equity Lending Solutions Originates $13.24M Loan For Orlando Construction Project

Single Family Residence59,000 SF
Financed 07/19/2024
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$224
Total Square Footage:59,000 SF
Transaction Type:Loan

The asset involved in this transaction is a single-family residence (SFR) development project located in Orlando, Florida. The total loan amount originated for this project was $13,237,000, facilitating the development of 31 residential units and covering a total square footage of 59,000. The project was financed with an 85% loan-to-cost (LTC) leverage structure.

Summary of transaction details:

  • Property Type: Single-Family Residence (SFR)
  • Transaction Amount: $13,237,000
  • Market: Orlando
  • Units: 31
  • Square Footage: 59,000
  • Lender: Gabriel Sultan - Equity Lending Solutions
  • Loan Type: Construction
  • Loan Terms: 24 months

Gabriel Sultan from Equity Lending Solutions played a pivotal role as the lender in this transaction, successfully closing the loan in less than 30 days. The firm expressed its ongoing commitment to the Florida market, indicating a proactive approach in seeking future financing projects.

Players

Equity Lending Solutions
Equity Lending Solutions
LENDER

Details

FINANCED
IMAGE: Gabriel Sultan DATE: 07/19/2024 MARKET: Orlando ASSET TYPE: SFR ~ SF: 59,000 ~ UNITS: 31 LENDER: Gabriel Sultan - Equity Lending Solutions (@EquityLendingSolutions) LOAN AMOUNT: $13,237,000 LOAN TYPE: Construction LOAN TERMS: 24 months NOTE FROM LENDER: Equity Lending Solutions is proud to announce the successful origination of a $13,237,000.00 loan for the development of 31 units in Orlando, Florida. This 59,000 square foot project was closed in less than 30 days, offering 85% LTC leverage with interest-only payments for 24 months. We remain deeply committed to the Florida market and are actively seeking new projects to finance. Our dedication to efficiency and flexibility continues to set us apart in delivering exceptional financing solutions. For quotes or to discuss your financing needs, please email us at [email protected] or call us at (305) 381-0153.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$13,237,000.00

Monthly NOI$88,246.67
Monthly Debt Service$83,666.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00