Updated Aug 10, 2026
Michael J. Gefter Secures $1,889,000 Loan For Development Site At 4152 Belcourt Dr In Destin
4152 Belcourt Dr
$1,889,000
Lot Size
33,106 SF
Asset Type
Development Site
Closing
Jan 21, 2025
About this deal
AI
The asset involved in the transaction is a development site located at 4152 Belcourt Dr, in Destin. The loan amount for this property is $1,889,000.00.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,889,000.00
- Loan Date: 01/21/2025
- Address: 4152 Belcourt Dr
- Market: Destin
- Broker: Michael J. Gefter
The deal involves broker Michael J. Gefter, who represents the interests in the transaction. No further details about other participants in the deal are provided.
The development site loan at 4152 Belcourt Dr in Destin, Florida financed for $1.9M in 2025. 4152 Belcourt Dr is classified as Development Site on Traded. Michael Gefter, Wolf Investment Partners appear on the loan alongside Wolf Investment Partners. This page is the Destin, Florida file for the 4152 Belcourt Dr development site financed: pricing, party profiles, and other closed development site comps from the same Destin sit in the Market section below. Filter that Destin development site set by closing date to see what else financed near 4152 Belcourt Dr around 2025. Published consideration for 4152 Belcourt Dr is $1.9M, dated 2025. Cite this Michael J. Gefter Secures $1,889,000 Loan For Development Site At 4152 Belcourt Dr In Destin loan when underwriting similar development site product around Destin, Florida.
Players
Destin Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.40%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93