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

Property Image
FINANCED
$1,500,000
Yuval Elkeslasi
ID

Florida

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Development Site5,000 SF
Financed 03/27/2023
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Property Image
FINANCED

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

1112 North North Lake Drive

See Similar Deals
Development Site5,000 SF
Financed 03/27/2023
Yuval Elkeslasi
ID
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$300
Total Square Footage:5,000 SF
Transaction Type:Loan

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
Yuval Elkeslasi
8 deals$30.3M volume
BROKER
Hard Money Lenders
Hard Money Lenders
LENDER
ID
Isaac Dabakaroff
3 deals$17M volume
LANDLORD

Details

FINANCED
IMAGE: Yuval Elkeslasi DATE: 03/27/2023 ADDRESS: 1112 North North Lake Drive MARKET: Hollywood ASSET TYPE: Development Site ~ BSF: 5,000 LENDER: Yuval Elkeslasi (@Yelkeslasi) - Hard Money Lenders LANDLORD: Isaac Dabakaroff LOAN AMOUNT: $1,500,000 LOAN TYPE: Bridge Loan LOAN TERMS: Short Term Bridge Loan NOTE FROM LENDER: The team at Hard Money Lenders worked around the clock to get it done. We are actively lending on waterfront properties in Florida. Hard Money Lenders IO is a boutique private money lender out of Aventura, Florida. If you have any questions, please do not hesitate to contact me directly at 786-475-7691. Thank you!

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,500,000.00

Monthly NOI$10,000.00
Monthly Debt Service$9,481.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00