Updated Dec 20, 2023
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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Deal FAQ
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