PNC Bank Provides $57.4M Loan For Development Site In Boca Raton
FINANCED
$57,400,000
Colorado
See Similar DealsDevelopment Site1,509,149 SF
Financed 04/27/2020
FINANCED
PNC Bank Provides $57.4M Loan For Development Site In Boca Raton
9260 Boca Vue Drive, Boca Raton, Fl 33428, Usa
See Similar DealsDevelopment Site1,509,149 SF
Financed 04/27/2020
Summary
COLORADO
Asset Type:Development Site
Price Per Square Foot:$38
Total Square Footage:1,509,149 SF
Transaction Type:Loan
A development site located at 9260 Boca Vue Drive in Boca Raton has been involved in a closed transaction. The property, owned by The Richman Group and Richard Paul Richman, is described as a development site in the market of Boca Raton.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $57,400,000
- Units: 354
The lender involved in the transaction is PNC Bank. As for the landlord, it is The Richman Group represented by Richard Paul Richman.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,400,000.00
Monthly NOI$382,666.67
Monthly Debt Service$362,807.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions