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We Lend LLC Provides $3.175M Acquisition Loan For Residential Apt In Golden Beach

Property Image
FINANCED
$3,175,000
Dina Goldentayer
Andrew Schnissel
Moses Suleymanov
+ 1

Florida

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Single Family Residence7,340 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

We Lend LLC Provides $3.175M Acquisition Loan For Residential Apt In Golden Beach

Golden Beach, Florida, United States

See Similar Deals
Single Family Residence7,340 SF
Financed
Dina Goldentayer
Andrew Schnissel
Moses Suleymanov
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$432
Total Square Footage:7,340 SF
Transaction Type:Loan

A residential apartment in Golden Beach, with a square footage of 3,575, was involved in a recent closed transaction. The transaction took place on 01/25/2022. The property was acquired through an acquisition loan.

Summary of transaction details

  • Property Type: Residential Apartment
  • Transaction Amount: $3,175,000
  • Market: Golden Beach
  • Lender: We Lend LLC - Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov & Andrew Schnissel

The key individuals and companies involved in the transaction are Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Andrew Schnissel representing We Lend LLC. They provided an acquisition loan amount of $3,175,000 for the property in Golden Beach.

Players

Dina Goldentayer
Douglas Elliman
Dina Goldentayer
88 deals$1.5B volume(786) 277-7539
BROKER
Andrew Schnissel
We Lend
Andrew Schnissel
7 deals$20.9M volume
LENDER
Moses Suleymanov
We Lend
Moses Suleymanov
24 deals$44.4M volume
LENDER
Ruben Izgelov
We Lend
Ruben Izgelov
23 deals$43.6M volume
LENDER
We Lend
We Lend
LENDER
We Lend
We Lend
LENDER

Details

FINANCED
IMAGE: Solomon Suleymanov, Ruben Izgelov, Moses Suleymanov & Andrew Schnissel DATE: 01/25/2022 MARKET: Golden Beach ASSET TYPE: Residential Apt ~ SF: 3,575 LENDER: We Lend LLC (@WeLendLLC) - Ruben Izgelov (@Ruben_Izgel), Solomon Suleymanov (@Sal_Solomons), Moses Suleymanov (@Moses.Suley) & Andrew Schnissel LOAN AMOUNT: $3,175,000 LOAN TYPE: Acquisition Loan NOTE FROM @WeLendLLC: Loan Amount: $3,175,000 Program: SFR Ground-up 50% of Purchase price 100% of Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,175,000.00

Monthly NOI$21,166.67
Monthly Debt Service$20,068.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00