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Gabriel Sultan Secures $9,084,375 Ground-Up Construction Loan In Tampa

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FINANCED
$9,084,375

Florida

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Single Family Residence12,858 SF
Financed 06/30/2024
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Property Image
FINANCED

Gabriel Sultan Secures $9,084,375 Ground-Up Construction Loan In Tampa

Single Family Residence12,858 SF
Financed 06/30/2024
Contact now

Summary

Asset Type:Single Family Residence
Price Per Square Foot:$706
Total Square Footage:12,858 SF
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Gabriel Sultan DATE: 06/30/2024 MARKET: Tampa ASSET TYPE: Townhouses ~ UNITS: 9 ~ SF: 12,858 LENDER: Gabriel Sultan - Equity Lending Solutions (@EquityLendingSolutions) LOAN AMOUNT: $9,084,375 LOAN TYPE: Construction Loan LOAN TERMS: 24 months NOTE FROM LENDER: Equity Lending Solutions is pleased to announce the successful origination of a $9,084,375.00 ground-up construction loan to develop 25 units in Fontanarosa Village, Tampa, Florida. Our continued commitment to providing fast and reliable closings ensures that flippers, builders, and developers receive unparalleled service and support. *For all your construction loan needs, do not hesitate to contact us [email protected]* --- Feel free to adjust any details as needed!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,084,375.00

Monthly NOI$60,562.50
Monthly Debt Service$57,419.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00