Updated Mar 11, 2025
Trez Capital Provides $4.2M Acquisition Loan For Development Site In Palm Beach
6009 North Ocean Boulevard, Boynton Beach, Palm Beach, FL, USA
$4,200,000
$112/SF
Building Size
37,243 SF
Asset Type
Development Site
Closing
Oct 5, 2021
About this deal
AI
Located at 6009 North Ocean Boulevard in Palm Beach, this development site spans a total square footage of 37,243. The transaction took place on 10/05/2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,200,000
- Address: 6009 North Ocean Boulevard
- Market: Palm Beach
The loan for this acquisition was provided by Trez Capital. The amount of the loan was $4,200,000. The broker representing the deal was Jordan Horowitz from Cooper Horowitz.
The development site loan at 6009 North Ocean Boulevard, Boynton Beach, Palm Beach, FL, USA in Ocean Ridge, Florida financed for $4.2M in 2021. The building is 37,243 square feet, implying about 112 per square foot on the published price. Jordan Horowitz, Cooper Horowitz appear on the loan alongside Cooper Horowitz. This page is the Ocean Ridge, Florida file for the 6009 North Ocean Boulevard, Boynton Beach, Palm Beach, FL, USA development site financed: pricing, party profiles, and other closed development site comps from the same Ocean Ridge sit in the Market section below. Filter that Ocean Ridge development site set by closing date to see what else financed near 6009 North Ocean Boulevard, Boynton Beach, Palm Beach, FL, USA around 2021. Published consideration for 6009 North Ocean Boulevard, Boynton Beach, Palm Beach, FL, USA is $4.2M, dated 2021. Cite this Trez Capital Provides $4.2M Acquisition Loan For Development Site In Palm Beach loan when underwriting similar development site product around Ocean Ridge, Florida.
Players
Ocean Ridge Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93