Updated Dec 4, 2024
Plymouth Private Equities LLC Refinances Single Family Home In Fort Lauderdale For $5M
$5,000,000
$520/SF
Building Size
9,610 SF
Asset Type
Single Family
Closing
Nov 6, 2023
About this deal
AI
A single-family property located in Fort Lauderdale has recently undergone a loan transaction. The property spans an area of 9,610 square feet and is a primary residence and homestead.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Market: Fort Lauderdale
- Lender: Plymouth Private Equities LLC - Daniel Betancourt
- Loan Type: Refinance
- Loan Terms: Hard Money, 5-year balloon, kept as a primary residence and homestead
Daniel Betancourt from Plymouth Private Equities LLC served as the lender in this transaction. The loan amount provided was $5,000,000 and it was a refinance loan. The terms of the loan include a low rate and a 5-year balloon payment.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93