H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction
FINANCED
$12,000,000
Florida
See Similar DealsDevelopment Site584,575 SF
Financed 01/24/2024
FINANCED
H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction
Development Site584,575 SF
Financed 01/24/2024
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$20
Total Square Footage:584,575 SF
Transaction Type:Loan
A development site spanning 584,575 square feet in Sarasota, FL, was involved in a recent real estate transaction. The loan amount secured for this asset was $12,000,000, with Elliot Horowitz from H Equities, Adam Glick, and Josh Greene from Maxim Capital Group participating as lenders. The broker facilitating the deal was Jonathan Aghravi from JBA Equities.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Market: Sarasota, FL
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,000,000.00
Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions