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BEB Capital Provides $2.3M Bridge Loan For Industrial Property In Largo, Florida

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FINANCED
$2,300,000
Juda Hersh
Keyvan Ghaytanchi
Lee Brodsky
+ 1

Florida

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Industrial25 SF
Financed 06/15/2022
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FINANCED

BEB Capital Provides $2.3M Bridge Loan For Industrial Property In Largo, Florida

12505 66th Street North, Largo, Florida 33773, United States

See Similar Deals
Industrial25 SF
Financed 06/15/2022
Juda Hersh
Keyvan Ghaytanchi
Lee Brodsky
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$92,000
Total Square Footage:25 SF
Transaction Type:Loan

A $2.3 million bridge loan has been provided by Lee Brodsky, Sean Silverbrook, and Keyvan Ghaytanchi of BEB Capital to Hersh Equity Group for the acquisition of a 25,000 square-foot industrial property located at 12505 66th Street North in Largo, Florida. This transaction marks BEB Capital's first venture in the Tampa/St. Petersburg area.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,300,000
  • Address: 12505 66th St N, Largo, Florida
  • Market: Largo
  • Asset Size: 25,000 square feet

"This market has experienced significant growth over the past 24 months. We are excited to continue identifying opportunities to provide lending solutions to the real estate community in this flourishing market, as well as other key markets throughout the United States," explained Sean Silverbrook, Vice President of BEB Lending.

Players

Sean Silverbrook
BEB Capital
Sean Silverbrook
15 deals$71.9M volume
BROKER
Keyvan Ghaytanchi
Keyvan Ghaytanchi
20 deals$181.6M volume
BROKER
Lee Brodsky
BEB Capital
Lee Brodsky
23 deals$301.8M volume
BROKER
BEB Capital
BEB Capital
LENDER
Juda Hersh
Hersh Equity Group
Juda Hersh
16 deals$144.5M volume
LANDLORD

Details

FINANCED
IMAGE: Lee Brodsky, Keyvan Ghaytanchi, Juda Hersh & Sean Silverbrook DATE: 06/15/2022 ADDRESS: 12505 66th St N MARKET: Largo ASSET TYPE: Industrial ~ SF: 25,000 LENDER: Lee Brodsky (@leejbrodsky), Sean Silverbrook (@sbrook813) & Keyvan Ghaytanchi (@keyvan_ghaytanchi_) - BEB Capital (@bebcapital) LANDLORD: Juda Hersh (@Flwarehouseguy) - Hersh Equity Group (@HershEquity) LOAN AMOUNT: $2,300,000 LOAN TYPE: Acquisition NOTE FROM LANDLORD: We’re proud to have provided a $2.3 million bridge loan to @Hersh Equity Group (tag: https://www.linkedin.com/company/hersh-equity-group-inc/) for a 25,000 square-foot industrial property at 12505 66th Street North in Largo, Florida. This transaction represents our first in the Tampa/St. Petersburg area! Exciting day at BEB Capital and for our finance platform, BEB Lending. “This market has seen tremendous growth over the last 24 months. We’re poised to continue to find more opportunities to lend to the real estate community in this growing market, and in other key markets across the US,” said @ Sean Silverbrook (tag: https://www.linkedin.com/in/sean-silverbrook-09406a107/), Vice President of BEB Lending.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,300,000.00

Monthly NOI$15,333.33
Monthly Debt Service$14,537.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00