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810 S Dixie Hwy

$1.5M Bridge Loan Secured By TLOA For Land Acquisition At 810 S Dixie Hwy In Hollywood
FINANCEDLand

$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

Tloa Servicing
Tloa ServicingLender

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