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266 Hibiscus Bay Dr

$1,015,000 Loan Secured For Development Site At 266 Hibiscus Bay Dr By Michael J. Gefter
FINANCEDDevelopment Site

$1,015,000 Loan Secured For Development Site At 266 Hibiscus Bay Dr By Michael J. Gefter

266 Hibiscus Bay Dr

$1,015,000

Building Size

Asset Type

Development Site

Closing

Mar 3, 2025

AI

The property involved in this transaction is a development site located at 266 Hibiscus Bay Dr. The loan amount secured for the property is $1,015,000.00.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $1,015,000.00
  • Loan Date: 03/03/2025
  • Address: 266 Hibiscus Bay Dr
  • Brokers: Michael J. Gefter

Michael J. Gefter represents the transaction, overseeing the loan process for the development site at the listed address. His role involves facilitating the necessary arrangements for the transaction and working on behalf of the involved parties.

Players

Michael J. Gefter

Wolf Investment Partners

Broker

$282.5M

vol

66 deals

Broker
Wolf Investment Partners
Wolf Investment PartnersLender

Panama City Beach 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