We Lend LLC Loaned $4.7M For North Myrtle Beach Multifamily Acquisition | We Lend completes $4,687,400 loan in North Myrtle Beach | We Lend | MultiFamily | Loan

Summary

Loan

SOUTH CAROLINA

MultiFamily

13,596 sqft

A multifamily property located in North Myrtle Beach has recently undergone a closed transaction. This property spans over 13,596 square feet and consists of 37 units, making it a valuable asset in the market.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $4,687,400
Market: North Myrtle Beach
Square Footage: 13,596
Units: 37

The loan for this transaction was provided by We Lend LLC, with Ruben Izgelov, Solomon Suleymanov, and Moses Suleymanov representing the lender. The loan amount was $4,687,400, and it was specifically categorized as an acquisition loan.

It is noteworthy to mention that this loan falls under the Fix & Flip program. The leverage towards the purchase was 70%, allowing for a significant financial coverage of the transaction. For any loan inquiries regarding this property, contact Solomon Suleymanov at [email protected].

Players

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1

Lenders
1

We Lend

Details

Deal Summary

FINANCED

IMAGE: Ruben Izgelov, Solomon Suleymanov & Moses Suleymanov DATE: 06/10/2022 MARKET: North Myrtle Beach ASSET TYPE: Multifamily ~ SF: 13,596 ~ UNITS: 37 LENDER: We Lend LLC (@WeLendLLC) - Ruben Izgelov (@Ruben_Izgel), Solomon Suleymanov (@Sal_Solomons) & Moses Suleymanov (@Moses.Suley) LOAN AMOUNT: $4,687,400 LOAN TYPE: Acquisition NOTE FROM @WeLendLLC: Loan Amount: $4,687,400 Type: Multifamily – 37 units Program: Fix & Flip Leverage towards purchase: 70% Leverage towards purchase: 100% Please reach out to Solomon Suleymanov at [email protected] for any loan inquiries.

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AddressWe Lend completes $4,687,400 loan in North Myrtle Beach

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