$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
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