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
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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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