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266 Hibiscus Bay Dr

Michael Gefter Of Wolf Investment Partners Secures $1.015M Loan For Development Site In Lynn Haven
FINANCEDDevelopment Site

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:

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

Michael Gefter

Wolf Investment Partners

Broker

$121.1M

vol

42 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersLender

Oakley Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

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