Hypotec Inc. Secures $1.5M Loan For Key Largo Waterfront Property

This beautiful Key Largo waterfront property, located in the market of Key Largo, was involved in a closed transaction. The property is a Single Family Residence (SFR) with a square footage of 17,150. The transaction was completed on 05/11/2022. The loan officer responsible for this transaction was Richard Khalifa from Hypotec Inc. The loan amount for this acquisition was $1,487,500, with a loan term of 10 years, interest-only for the first 10 years, and a total term of 30 years.

Summary of transaction details:

• Property Type: Single Family Residence (SFR)
• Transaction Amount: $1,487,500
• Loan Officer: Richard Khalifa - Hypotec Inc.
• Loan Type: $2,975,000 Acquisition
• Loan Term: 10 Year Interest-Only, 30 Year Total

Richard Khalifa, a loan officer from Hypotec Inc., played a crucial role in ensuring the success of this transaction. Through their expertise, this beautiful Key Largo waterfront property was closed in under 21 days, surpassing the speed of a cash transaction. Coast to Coast L.A to Key Largo, Richard Khalifa and Hypotec Inc. specialize in handling multi-state jumbo transactions for buyers living in different states.