Updated Dec 20, 2024
Christopher Khoi Of RCP Finance Secures $41.2 Million Refinance For Indian Creek Development Site
9 Indian Creek Island Road
$41,200,000
$515/SF
Building Size
80,000 SF
Asset Type
Development Site
Closing
Dec 13, 2024
About this deal
AI
The property asset involved in the transaction is a development site located at 9 Indian Creek Island Road in Indian Creek Village. It encompasses a total area of 80,000 square feet and features 200 feet of west-facing seafront. The market known for its exclusivity, Indian Creek Village, is renowned for high-profile residents.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $41,200,000
- Loan Type: Refinance
- Broker: Christopher Khoi
- Broker Agency: RCP Finance
- Date of Transaction: 12/13/2024
The financing provided by Christopher Khoi supports the refinancing of the development site, underscoring the prominence of the location, often referred to as the “Billionaire Bunker,” and highlighting its appeal among affluent individuals.
On the Map
$41,200,000
$515/SF
Development Site
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Players
Indian Creek Village 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93