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8419 & 8425 N. Hubert Ave.

Updated Dec 20, 2023

Justin James Roberts Secures $1.862M Bridge Loan For Development Site In Hillsborough County
SOLD

Justin James Roberts Secures $1.862M Bridge Loan For Development Site In Hillsborough County

8419 & 8425 N. Hubert Ave.

Building Size

Asset Type

Closing

Jul 13, 2022

About this deal

AI

A development site located at 8419 & 8425 N. Hubert Ave. in Hillsborough County, Florida has been involved in a recent closed transaction. The property spans a total of 135,950 square feet, making it an attractive opportunity for development. The transaction was facilitated by Justin James Roberts, who is the landlord of the property.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,862,000
  • Loan Type: Bridge
  • Loan Terms: 12 months

The key individuals involved in the deal include Eric Panecki and Veronique Hut, as evidenced by the image provided. They likely played a role in securing the $1,862,000 bridge loan for the development site on behalf of the landlord, Justin James Roberts.

Players

Los Angeles CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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