$1.5M Bridge Loan Secured By TLOA For Land Acquisition At 810 S Dixie Hwy In Hollywood
810 S Dixie Hwy
$1,500,000
Building Size
—
Asset Type
Land
Closing
Jun 26, 2023
AI
The property asset is land located at 810 S Dixie Hwy in the Hollywood market. The loan amount secured for this transaction is $1,500,000.00, which is classified as a bridge loan. The specifics of the property, including its size and market value, are not disclosed in the provided context.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,500,000.00
- Lender: TLOA
- Loan Type: Bridge
- Loan Date: 06/26/2023
- Address: 810 S Dixie Hwy
- Market: Hollywood
This transaction involves TLOA as the lender for the loan financing the acquisition of the land. The specific details about the buyer and any broker representatives involved in this deal are not included in the information provided.
Players
Hollywood Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93