facebook
Traded Co logo
Submit

Village Bank & Trust Provides $12.13M Construction Loan For Land In Riviera Beach

Property Image
FINANCED
$12,130,000

Florida

See Similar Deals
Land
Financed 01/08/2023
the dealplayerscompscontact
Property Image
FINANCED

Village Bank & Trust Provides $12.13M Construction Loan For Land In Riviera Beach

1463 Dr. Martin Luther King Jr. Blvd, Riviera Beach 33404, USA

See Similar Deals
Land
Financed 01/08/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Land
Transaction Type:Loan

The property involved in this transaction is a land located at 1463 Dr. Martin Luther King Jr. Blvd in Riviera Beach. The land spans approximately 8.9 acres and is owned by Easton Group and Stonemont Financial Group. The property is represented by Eric Swanson from Avison Young.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $12,130,000
  • Market: Riviera Beach
  • Lender: Village Bank & Trust

This construction loan transaction was facilitated by Village Bank & Trust. The landlord, Easton Group and Stonemont Financial Group, secured a loan amount of $12,130,000 to finance the construction project on the 8.9-acre land in Riviera Beach. The deal was brokered by Eric Swanson from Avison Young.

Players

Eric Swanson
Avison Young
Eric Swanson
2 deals$33M volume(305) 216-2110
BROKER
Stonemont Financial Group
Stonemont Financial Group
LANDLORD

Details

FINANCED
IMAGE: Eric Swanson DATE: 01/08/2023 ADDRESS: 1463 Dr. Martin Luther King Jr. Blvd MARKET: Riviera Beach ASSET TYPE: Land ~ ACRES: 8.9 LENDER: Village Bank & Trust (@VillageBankandTrust) LANDLORD: Easton Group & Stonemont Financial Group BROKER: Eric Swanson - Avison Young (@Avison_Young_Global) LOAN AMOUNT: $12,130,000 LOAN TYPE: Construction Loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$12,130,000.00

Monthly NOI$80,866.67
Monthly Debt Service$76,669.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00