Updated Oct 29, 2024
Webster Bank Provides $40M Loan For Development Site In Stuart, FL
Southeast Central Parkway, Stuart, Florida 34994, United States
$40,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 11, 2022
About this deal
AI
A development site located on Southeast Central Parkway in Stuart, FL has recently undergone a loan transaction.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $40,000,000
- Date: 11/07/2022
- Market: Stuart, FL
The loan for the development site was provided by Webster Bank. The landlord of the property is Farrell Companies, represented by Joseph Farrell.
Joseph Farrell, from the Farrell Companies, acted as the representative for the landlord in the loan transaction.
The development site loan at Southeast Central Parkway, Stuart, Florida 34994, United States in Stuart, Florida financed for $40M in 2022. Southeast Central Parkway, Stuart, Florida 34994, United States is classified as Development Site on Traded. Named participants on the Southeast Central Parkway, Stuart, Florida 34994, United States loan are Joseph Farrell. This page is the Stuart, Florida file for the Southeast Central Parkway, Stuart, Florida 34994, United States development site financed: pricing, party profiles, and other closed development site comps from the same Stuart sit in the Market section below. Filter that Stuart development site set by closing date to see what else financed near Southeast Central Parkway, Stuart, Florida 34994, United States around 2022. Published consideration for Southeast Central Parkway, Stuart, Florida 34994, United States is $40M, dated 2022. Cite this Webster Bank Provides $40M Loan For Development Site In Stuart, FL loan when underwriting similar development site product around Stuart, Florida.
Players
Stuart 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93