Peter Touhill Of Benefit Street Partners Provides $115 Million Construction Loan For Hallandale Beach Condo
FINANCED
$115,000,000
Florida
See Similar DealsCondo1,914,840 SF
Financed 07/30/2024
FINANCED
Peter Touhill Of Benefit Street Partners Provides $115 Million Construction Loan For Hallandale Beach Condo
1170 East Hallandale Beach Boulevard & 1180 East Hallandale Beach Boulevard
See Similar DealsCondo1,914,840 SF
Financed 07/30/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$60
Total Square Footage:1,914,840 SF
Transaction Type:Loan
The property asset involved in this transaction is a condominium located at 1170-1180 East Hallandale Beach Boulevard in the Hallandale Beach market. It has a total square footage of 957,420 and is associated with a construction loan amounting to $115,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $115,000,000
- Address: 1170-1180 East Hallandale Beach Boulevard
- Market: Hallandale Beach
- Lender: Peter Touhill - Benefit Street Partners
- Brokers: Michael Horowitz, Adam Horowitz & Jordan Horowitz - cooper-horowitz'>Cooper Horowitz
- Loan Type: Construction
The key individuals involved in this deal include lender Peter Touhill, representing Benefit Street Partners, as well as brokers Michael Horowitz, Adam Horowitz, and Jordan Horowitz, who are associated with Cooper Horowitz. Their roles have been instrumental in facilitating this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$115,000,000.00
Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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