Joe Moser And Mark Simon Of Benmark Capital Provide $13M Bridge Loan For Development Site Acquisition In Bay Harbor Islands, FL
FINANCED
$13,000,000
Florida
See Similar DealsDevelopment Site
Financed 01/26/2024
FINANCED
Joe Moser And Mark Simon Of Benmark Capital Provide $13M Bridge Loan For Development Site Acquisition In Bay Harbor Islands, FL
9431 East Bay Harbor Drive
See Similar DealsDevelopment Site
Financed 01/26/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
A development site located at 9431 East Bay Harbor Drive in Bay Harbor Islands, FL has been involved in a loan transaction. The property is a development site with a total buildable square footage of 170,638. The loan amount for this transaction is $13,000,000 and it is classified as a bridge loan.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $13,000,000
- Address: 9431 East Bay Harbor Drive, Bay Harbor Islands, FL
- Market: Bay Harbor Islands, FL
- Loan Type: Bridge
- Lender: Joe Moser & Mark Simon - Benmark Capital
- Landlord: Bruce Eichner
The loan transaction involves a development site located at 9431 East Bay Harbor Drive in Bay Harbor Islands, FL. The lenders for this transaction are Joe Moser and Mark Simon, representing Benmark Capital. The landlord of the property is Bruce Eichner.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,000,000.00
Monthly NOI$86,666.67
Monthly Debt Service$82,168.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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