El-Ad National Properties Secures $100M Construction Loan For Boca Raton Condo
210 Southeast Mizner Boulevard, Boca Raton, Florida 33432, United States
$100,000,000
Building Size
—
Asset Type
—
Closing
Sep 7, 2022
AI
210 & 220 Southeast Mizner Boulevard, located in Boca Raton, has recently been involved in a closed transaction. The property is a condo spanning approximately 9 acres. The deal was completed on 09/08/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $100,000,000
- Address: 210 & 220 Southeast Mizner Boulevard, Boca Raton
- Market: Boca Raton
The lender in the transaction was UMB Bank, providing a construction loan of $100,000,000. The landlord involved in the deal is El-Ad National Properties, represented by Noam Ziv & Isaac Tshuva.
Players
Boca Raton CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93