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Icon Realty Capital Acquires Condo In Palm Beach For $25.16M

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FINANCED
$25,160,000

Florida

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4,145 SF
Financed 08/13/2021
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Property Image
FINANCED

Icon Realty Capital Acquires Condo In Palm Beach For $25.16M

150-206 Inlet Way, Palm Beach Shores, Palm Beach, FL, USA

See Similar Deals
4,145 SF
Financed 08/13/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$6,070
Total Square Footage:4,145 SF
Transaction Type:Loan

The property involved in this closed transaction is a condo located at 150-206 Inlet Way in Palm Beach. The asset is owned by Icon Realty Capital, represented by Anthony Shafer. The transaction was facilitated by Construction Loan Services II.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $25,160,000
  • Address: 150-206 Inlet Way, Palm Beach
  • Market: Palm Beach
  • Landlord: Icon Realty Capital - Anthony Shafer
  • Broker: Construction Loan Services II

The loan amount for this transaction is $25,160,000.

Details

FINANCED
IMAGE: 08/13/2021 ADDRESS: 150-206 Inlet Way MARKET: Palm Beach ASSET TYPE: Condo LANDLORD: Icon Realty Capital - Anthony Shafer BROKER: Construction Loan Services II LOAN AMOUNT: $25,160,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$25,160,000.00

Monthly NOI$167,733.33
Monthly Debt Service$159,028.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00