Jake Waserstein & Marc Dubrow Secure $9.2M Construction Loan For Pompano Beach Development | 499 North Ocean Boulevard | Ocean Bank | Development Site | Loan

Summary

Loan

FLORIDA

Development Site

The Development Site at 499 North Ocean Boulevard in Pompano Beach, with a buildable square footage of 20,000, was involved in a recent transaction. The property is slated for the development of 4 new oceanfront townhomes.

Summary of transaction details:

Property Type: Development Site
Transaction Amount: $9,200,000
Address: 499 North Ocean Boulevard
Market: Pompano Beach
Lender: Ocean Bank
Landlord: Jake Waserstein & Marc Dubrow
Loan Type: Construction Loan

The loan for the development was provided by Ocean Bank. Jake Waserstein and Marc Dubrow are the landlords overseeing the project. The loan is specifically intended for the construction of the 4 new oceanfront townhomes at 499 Ocean Blvd in Pompano Beach.

Players

All
1

Lenders
1

Ocean Bank

Details

Deal Summary

FINANCED

IMAGE: Jake Waserstein & Marc Dubrow DATE: 05/02/2024 ADDRESS: 499 North Ocean Boulevard MARKET: Pompano Beach ASSET TYPE: Development Site ~ BSF: 20,000 LENDER: Ocean Bank (@OceanBankUS) LANDLORD: Jake Waserstein (@Jake.Waserstein) & Marc Dubrow LOAN AMOUNT: $9,200,000 LOAN TYPE: Construction Loan NOTE FROM LANDLORD: Development of 4 new oceanfront townhomes at 499 Ocean Blvd Pompano Beach

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Address499 North Ocean Boulevard

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