Lender Provides $1,015,000 Loan For Development Site At 266 Hibiscus Bay Dr In Lynn Haven
266 Hibiscus Bay Dr
$1,015,000
Building Size
—
Asset Type
Development Site
Closing
Mar 3, 2025
AI
The asset involved in this transaction is a development site located at 266 Hibiscus Bay Dr in Lynn Haven. The loan amount for this property is $1,015,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,015,000.00
- Address: 266 Hibiscus Bay Dr
- Market: Lynn Haven
- Brokers: Michael J. Gefter
The deal was facilitated by broker Michael J. Gefter, who represents the involved parties in this property transaction. The loan was finalized on 03/03/2025, indicating the completion of the financial arrangement for the development site.
Players
Lynn Haven 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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93