Updated Mar 18, 2025
Fabio Di Prima Of Silver Sky Global Capital Secures $79 Million Loan For Development Site In Sarasota
2170 Robinhood Street
$79,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2025
About this deal
AI
The asset involved in this transaction is a development site located at 2170 Robinhood Street in the Sarasota market. The loan amount secured for this property is $79,000,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $79,000,000.00
- Address: 2170 Robinhood Street
- Market: Sarasota
- Lender: SCALE Lending
- Landlord: Fabio Di Prima - Silver Sky Global Capital
- Broker Representatives: Noam Katz, Jonathan Aghravi (JBA Equities)
In this transaction, Fabio Di Prima acts as the landlord representing the property, while Jonathan Aghravi from JBA Equities is one of the broker representatives involved in the deal alongside Noam Katz.
On the Map
$79,000,000
Development Site
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Players
Sarasota 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93