Updated Dec 4, 2024
H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction
$12,000,000
$20/SF
Building Size
584,575 SF
Asset Type
Development Site
Closing
Jan 24, 2024
About this deal
AI
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
H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction is logged as a development site loan on Traded (2024). The building is 584,575 square feet, implying about 20 per square foot on the published price. Jonathan Aghravi, JBA Equities appear on the loan alongside JBA Equities. This page is the market file for the H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction development site financed: pricing, party profiles, and other closed development site comps from the same area sit in the Market section below. Cite this H Equities & Maxim Capital Group Provide $12M Bridge Loan In Sarasota Transaction loan when underwriting similar development site product.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93