Gabriel Sultan Secures $9,084,375 Ground-Up Construction Loan In Tampa
$9,084,375
$706/SF
Building Size
12,858 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2024
AI
Located in Fontanarosa Village, Tampa, Florida, the property consists of 9 townhouses spanning a total of 12,858 square feet. The recent transaction involved a construction loan worth $9,084,375 provided by Gabriel Sultan of Equity Lending Solutions.
Summary of transation details:
- Property Type: Townhouses
- Transaction Amount: $9,084,375
- Units: 9
- Square Footage: 12,858
- Lender: Gabriel Sultan - Equity Lending Solutions
- Loan Type: Construction Loan
- Loan Terms: 24 months
Equity Lending Solutions facilitated the successful origination of the construction loan for the development of 25 units in Fontanarosa Village. The lender's commitment to providing efficient and reliable service ensures that flippers, builders, and developers receive the necessary support for their projects. For further inquiries or assistance with construction loan needs, interested parties can reach out to Equity Lending Solutions at [email protected].
Players
Market 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
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93