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1112 North North Lake Drive

Hard Money Lenders Provides $1.5M Bridge Loan For Hollywood Development Site
FINANCEDDevelopment Site

Hard Money Lenders Provides $1.5M Bridge Loan For Hollywood Development Site

1112 North North Lake Drive

$1,500,000

$300/SF

Building Size

5,000 SF

Asset Type

Development Site

Closing

Mar 27, 2023

AI

The loan transaction took place on a development site located at 1112 North North Lake Drive in Hollywood. The property has a buildable square footage (BSF) of 5,000 and was the subject of a bridge loan.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,500,000

Yuval Elkeslasi of Hard Money Lenders provided the loan for this transaction. Isaac Dabakaroff served as the landlord in the deal. The loan terms included a short-term bridge loan agreement. The team at Hard Money Lenders worked diligently to ensure the successful completion of the transaction.

If you have any questions or require further information, please contact Yuval Elkeslasi directly at 786-475-7691. Hard Money Lenders IO is a boutique private money lender based in Aventura, Florida.

Players

Yuval Elkeslasi

Broker

$30.3M

vol

8 deals

Broker
Hard Money Lenders
Hard Money LendersLender

Isaac Dabakaroff

Skyland Management

Landlord

$17M

vol

3 deals

Landlord

Market 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93