Deal Summary
INSIGNIA arranged $620,000 of acquisition financing for a vacation rental condominium in Miami Beach, Florida.
| Item | Detail |
|---|---|
| Transaction type | Acquisition financing |
| Property | Condominium unit, vacation rental |
| Location | Miami Beach, Florida 33139 |
| Total financing | $620,000 |
| Loan structure | Fixed-rate, interest-only term loan |
| Term | 24 months |
| Borrower | Individual real estate investors |
| Capital source | Private capital |
The Transaction
The borrowers, individual real estate investors, acquired a condominium unit for use as a vacation rental. INSIGNIA arranged a 24-month, fixed-rate, interest-only loan from a private capital source, which kept the payment simple during the hold and gave the borrowers time to establish the property as a rental.
Capital Structure
| Item | Detail |
|---|---|
| Loan amount | $620,000 |
| Structure | Fixed-rate, interest-only term loan |
| Term | 24 months |
| Capital source | Private capital |
INSIGNIA
INSIGNIA arranged the financing, including structuring the request, selecting the capital source and coordinating the process through closing. Financing for rental property investors is a core part of our practice, across single family, small multifamily and condominium assets, with acquisition, refinance, term and cash-out structures.
This summary describes financing arranged 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.
