Gabriel Sultan Of Equity Lending Solutions Originates $13.24M Loan For Orlando Construction Project
$13,237,000
$224/SF
Building Size
59,000 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2024
AI
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
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93