Michael Gefter Of Wolf Investment Partners Secures $1.015M Loan For Development Site In Lynn Haven
266 Hibiscus Bay Dr
$1,015,000
Building Size
—
Asset Type
Development Site
Closing
Mar 3, 2025
AI
The property asset involved in this transaction is a development site located at 266 Hibiscus Bay Dr, Lynn Haven. The loan amount for this transaction 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: Cape San Blas
- Brokers: Michael J. Gefter, Michael Gefter (Wolf Investment Partners)
This transaction involves key individuals and companies, including brokers Michael J. Gefter and Michael Gefter from Wolf Investment Partners, representing the interests involved in this deal.
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