Updated May 12, 2025
David Saferstein & Zach Waldman Of Titan Capital Provide $3M Construction Loan In Boca Raton
$3,000,000
$600/SF
Building Size
5,000 SF
Asset Type
Development Site
Closing
Apr 11, 2025
About this deal
AI
The asset involved in this transaction is a development site in Boca Raton, Florida, with a square footage of 5,000. This involves a construction loan for a luxury single-family residence that is set for a full gut renovation and expansion.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,000,000
- Lender: Titan Capital
- Loan Type: Construction – Single-Family
- Loan Terms: 12 Month Bridge Loan
Zach Waldman and David Saferstein are the key individuals representing Titan Capital in this transaction. They facilitated the loan to support the renovation project, highlighting their involvement in the execution of the financing deal.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93