Steven Bettinger Of Casa Finance Provides $2,402,000 Loan For Delray Beach Development Site
$2,402,000
Building Size
—
Asset Type
Development Site
Closing
Feb 25, 2026
AI
The asset involved in this transaction is a development site located in Delray Beach. The loan amount for this acquisition totals $2,402,000, structured to facilitate potential projects in the area by providing necessary funding for investors and builders.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,402,000
- Lender: Steven Bettinger - Casa Finance
- Loan Type: Acquisition
- Date: 02/26/2026
- Market: Delray Beach
Steven Bettinger from Casa Finance has structured the Fix & Flip loan for this transaction, signifying a commitment to support development projects throughout Florida. For inquiries, he can be reached at [email protected] and (561) 556-4457.
Players
Delray 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
6.60%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93