Seena Talas Of Flatiron Realty Capital Closes 12 Month Mid-Construction Refinance Loan For $4.8M In Pinecrest
$4,800,000
$533/SF
Building Size
9,000 SF
Asset Type
Single Family Residence
Closing
Sep 25, 2025
AI
The transaction involved a luxury single-family home located in Pinecrest, Florida, with a substantial size of 9,000 square feet. The loan aimed to support the ongoing construction of the property, facilitating the refinancing of an expiring loan to ensure the project's timely completion.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,800,000
- Loan Type: Construction
- Loan Terms: 12 Month Mid-Construction Refinance
- Lender: Seena Talas - Flatiron Realty Capital
- Market: Pinecrest
This refinancing deal was characterized by Flatiron Realty Capital's capability to provide a bridge loan, addressing the borrower's need for quick financial support. Seena Talas represented Flatiron Realty Capital, underscoring their expertise in managing complex projects mid-construction and ensuring that clients receive timely and tailored financing solutions.
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93