RBI Private Lending Provides $1.47M Refinance Loan For Development Site In Clearwater
FINANCED
$1,470,000
Florida
See Similar DealsDevelopment Site
Financed 07/15/2025
FINANCED
RBI Private Lending Provides $1.47M Refinance Loan For Development Site In Clearwater
1405 North Osceola Avenue
See Similar DealsDevelopment Site
Financed 07/15/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
A development site located at 1405 North Osceola Avenue in Clearwater has been financed through a refinance loan of $1,470,000. This transaction involves a new ground-up construction project for a seasoned real estate investor, with the loan structured as a construction loan for a term of 12 months.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,470,000
- Lender: Shani Ben-Izhak - RBI Private Lending
- Loan Type: Refinance
- Loan Terms: Construction loan - 12 months
The lender, RBI Private Lending, has emphasized the growing demand in the Clearwater/Tampa market for ground-up developments and aims to assist investors with meeting their lending goals. Shani Ben-Izhak is the representative involved in structuring this financing deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$1,470,000.00
Monthly NOI$9,800.00
Monthly Debt Service$9,291.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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