Lynn Haven Development Site Secures $1,015,000 Loan With Michael Gefter As Broker Representative
266 Hibiscus Bay Dr
$1,015,000
Lot Size
21,000 SF
Asset Type
Development Site
Closing
Mar 3, 2025
AI
The asset involved in this transaction is a development site located at 266 Hibiscus Bay Dr, situated in the Lynn Haven market. The loan amount associated with this property is $1,015,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,015,000.00
- Address: 266 Hibiscus Bay Dr
- Market: Lynn Haven
- Brokers: Michael J. Gefter, Michael Gefter (Wolf Investment Partners)
Key individuals involved in this deal include brokers Michael J. Gefter and Michael Gefter, who represents Wolf Investment Partners in this transaction. Their roles highlight the professional representation facilitating the loan deal for the development site.
Players
Oakley Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93