Updated Oct 28, 2024
Live Oak Banking Company Provides $30M Loan For Development Site In Boynton Beach
6495 West Boynton Beach Boulevard, Boynton Beach, FL, USA
$30,000,000
$3,896/SF
Building Size
7,700 SF
Asset Type
Development Site
Closing
Aug 15, 2021
About this deal
AI
A development site located at 6495 W Boynton Beach Boulevard in Boynton Beach has been sold. The property spans 5.3 acres and is situated in the Boynton Beach market.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $30,000,000
- Address: 6495 W Boynton Beach Boulevard
- Market: Boynton Beach
- Lender: Live Oak Banking Company
- Landlord: Harrison Street Real Estate & CA Ventures
- Acres: 5.3
The lender for this transaction was Live Oak Banking Company, and the landlord involved in the deal was Harrison Street Real Estate and CA Ventures.
On the Map
$30,000,000
$3,896/SF
Development Site
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Players
Boynton 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93