Deal Summary
INSIGNIA arranged $1,625,000 of acquisition financing for a single family rental property in Boca Raton, Florida, for foreign national sponsors.
| Item | Detail |
|---|---|
| Transaction type | Acquisition financing |
| Property | Single family rental, non-owner-occupied |
| Location | Boca Raton, Florida 33496 |
| Sponsors | Foreign nationals |
| Total financing | $1,625,000 |
| Loan structure | Interest-only bridge loan |
| Term | 6 months, with one 6-month extension option |
| Capital source | Proprietary capital |
The Transaction
Foreign national investors acquired a single family home in Boca Raton to hold as a rental. INSIGNIA arranged an interest-only bridge loan funded with proprietary capital, with a balloon payment at maturity and a single extension option that gave the borrower additional time to complete its exit.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $1,625,000 |
| Structure | Interest-only bridge loan, balloon at maturity |
| Term | 6 months, with one 6-month extension option |
| Use of funds | Acquisition |
| Capital source | Proprietary capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. We place acquisition capital for rental property investors, including foreign national borrowers, across single family, small multifamily and condominium assets, including larger single family purchases in coastal Florida markets.
This summary describes a closed transaction for informational purposes and is not an offer of financing or a statement of current pricing, which varies with market conditions, property type, sponsor credit and program requirements.
