Financing a $4.175 Million Purchase at E11even Residences in Miami
A look at a high-value condo acquisition and the financing strategy behind the purchase.
The transaction
Neev Pettel helped arrange financing for the purchase of a 2,692-square-foot condo at 20 NE 11th Street in Miami. The reported purchase price was $4,175,000, with a $2,505,000 acquisition loan and a 30-year term.
The buyer was represented by Jason Sims of SERHANT. Neev worked through Cornerstone First Mortgage to support the financing for the transaction.
Why a tailored approach matters
Higher-value condo purchases involve more than a buyer's income and credit. The loan amount, condominium project, assets, reserves, documentation, and timing all need to align. Early planning helps the team address those details before the closing deadline.
Neev's work spans primary homes and investment opportunities, including specialized loan programs for complex borrower or property situations. Every transaction is different. This reported closing does not indicate that another borrower will qualify for similar terms.