facebook
Traded Co logo
Submit

Eugene Rutenberg Of Celestial Fund Finances Boca Raton Development Site For $8.3M

Property Image
FINANCED
$8,300,000

Florida

See Similar Deals
Development Site12,000 SF
Financed 03/28/2025
the dealplayerscompscontact
Property Image
FINANCED

Eugene Rutenberg Of Celestial Fund Finances Boca Raton Development Site For $8.3M

681 Golden Harbour Drive

See Similar Deals
Development Site12,000 SF
Financed 03/28/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$691
Total Square Footage:12,000 SF
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 681 Golden Harbour Drive in Boca Raton. The site comprises a total square footage of 12,000, with a building square footage of 8,400. The transaction reflects a loan amount of $8,300,000 for recapitalization purposes.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $8,300,000
  • Asset Address: 681 Golden Harbour Drive
  • Market: Boca Raton
  • Broker: Eugene Rutenberg - Celestial Fund
  • Loan Type: Recapitalization

The deal is facilitated by Eugene Rutenberg from Celestial Fund, who represents the financing aspect of this transaction. Additional parties involved include Tim Schirripa for property sales and Colin Ewing as the general contractor, providing key support and services related to the construction of the spec home on the site.

Players

Eugene Rutenberg
Celestial Fund
Eugene Rutenberg
14 deals$215.3M volume(305) 367-8777
BROKER

Details

FINANCED
IMAGE: Eugene Rutenberg DATE: 03/28/2025 ADDRESS: 681 Golden Harbour Drive MARKET: Boca Raton ASSET TYPE: Development Site ~ BSF: 8,400 ~ SF: 12,000 BROKER: Eugene Rutenberg - Celestial Fund (@CelestialFund) LOAN AMOUNT: $8,300,000 LOAN TYPE: Recapitalization NOTE: Celestial Fund is proud to announce the finance of a Spec Home in S. Florida. Located on 120 Ft. of Intercoastal Waterway; this Boca Raton Trophy Compound is one of a kind offering 6 bed, 7 baths, Sauna, Steam, Chef's Kitchen, many entertainment areas & roof top observation deck. Spec Home Construction for this Property is for Business Investment Purposes (NON – Owner Occupied). Celestial Fund (www.celestialfund.com) for Finance Tim Schirripa (www.theschirripagroup.com) for Property Sales Colin Ewing (www.colonyconstructiongroup.com) for General Contractor

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,300,000.00

Monthly NOI$55,333.33
Monthly Debt Service$52,461.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00