BEB Capital Provides $9.7M Acquisition Loan For Industrial Property In Boynton Beach
1800 Hypoluxo Road
$9,700,000
Building Size
—
Asset Type
Industrial
Closing
Dec 29, 2023
AI
The industrial property located at 1800 Hypoluxo Road in Boynton Beach was involved in a recent transaction. The property, owned by Juda Hersh and Corey Schwartz of Hersh Equity, attracted the attention of potential buyers. After considering various offers, the sellers decided to secure a loan for the transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,700,000
- Address: 1800 Hypoluxo Road
- Market: Boynton Beach
The loan for this acquisition was provided by Sean Silverbrook, Keyvan Ghaytanchi, and Lee Brodsky of BEB Capital. This acquisition loan enabled the buyers to complete the transaction and gain ownership of the industrial property.
Players
Lake Worth Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93