Meyer Saffati From Equity Lending Solutions Grants $3M Acquisition Loan In Hollywood
FINANCED
$3,000,000
Florida
See Similar DealsSingle Family3,789 SF
Financed 05/16/2024
FINANCED
Meyer Saffati From Equity Lending Solutions Grants $3M Acquisition Loan In Hollywood
Single Family3,789 SF
Financed 05/16/2024
Summary
Asset Type:Single Family
Price Per Square Foot:$791
Total Square Footage:3,789 SF
Transaction Type:Loan
A Single Family property in Hollywood with 3,789 square feet was involved in a recent transaction. The acquisition loan for this property amounted to $3,000,000 with loan terms of 18-month interest only, facilitated by Meyer Saffati from Equity Lending Solutions and Roberto J. Perea from 710 Capital.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $3,000,000
- Market: Hollywood
- Lender: Meyer Saffati - Equity Lending Solutions
- Broker: Roberto J. Perea - 710 Capital
- Loan Type: Acquisition Loan
- Loan Terms: 18 month interest only
- Loan Details: 85% LTC and 10.625% rate
Meyer Saffati, representing Equity Lending Solutions, provided the acquisition loan for the Hollywood property. On the brokerage side, Roberto J. Perea, from 710 Capital, played a crucial role in facilitating the deal, ensuring a smooth transaction process for all parties involved.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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