Mortgage lead for Residential loan in Miami Beach, FL, 33139

Loan Request for Residential loan in Miami Beach, FL, 33139

Request #3714172 by Lender

Date Posted

2/20/2025 2:51:14 AM

Property at

Miami Beach, FL, 33139, USA Show Map

Borrower at

Property Type

Residential

Property Value

$30,000,000

Amount of Existing Loans

$10,250,000

Loan Request

$18,000,000

LTV

60 %

Credit Rating

780 or more

Net Worth

Over $10,000,000

Loan Purpose

Refinance all

Purpose

We built a 6,084 top luxury villa on Dilido Island, at 220W Dilido Dr. All info available on Zillow.

- House is currently for sale, asking price is 33mUSD
- Independent appraised value by a third-party is 30mUSD
- Total cost project is 21mUSD
- Current outstanding construction loan is 11mUSD, it will be reimbursed with this refinancing so the property can be considered free of mortgage
- We are looking for a 21mUSD refinancing loan - 70% LTV (Longer Term but could also consider 24-36mth Bridge Loan)
- Property is owned by an LLC ultimately owned by a US Inc
- Ultimate Beneficiary is a single French Individual (currently no US credit score).

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Loan Request for Residential loan in Miami Beach, FL, 33139