FINANCED
Onyx Funding Provides $7.85M Construction Loan For Mixed-Use Property In Delray Beach
246 Southeast 6th Avenue
Mixed-use
14,895 SF
14,895 SF
Financed 165 days ago
Summary
Loan
FLORIDA
Mixed-use
14,895 sqft
An undisclosed mixed-use property located at 246 Southeast 6th Avenue in Delray Beach has recently undergone a closed transaction. The property spans across 14,895 square feet, offering a versatile space for both commercial and residential purposes.
Summary of Transaction Details
- Property Type: Mixed-use
- Transaction Amount: Undisclosed
- Market: Delray Beach
- Loan Type: Construction
The loan for the property was secured through Onyx Funding, with a total loan amount of $7,851,000. This construction loan is intended for mid-construction refinancing, aiming to maintain a cash-neutral position with three months of interest reserves.
Ronen Gershon is the landlord of the property, overseeing the leasing and management aspects. The broker involved in the transaction is Shaun Ashkenazy, representing the interests of all parties involved in the deal.
Players
All
2
Agents
1
Lenders
1
Details
FINANCED
IMAGE: Shaun Ashkenazy
DATE: 09/29/2023
ADDRESS: 246 Southeast 6th Avenue
MARKET: Delray Beach
ASSET TYPE: Mixed-use ~ SF: 14,895
LENDER: Onyx Funding (@OnyxFunding)
LANDLORD: Ronen Gershon
BROKER: Shaun Ashkenazy (@ShaunAsh)
LOAN AMOUNT: $7,851,000
LOAN TYPE: Construction
LOAN TERMS: Mid-construction Refi - cash-neutral with 3 months of IRView on map
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Address246 Southeast 6th Avenue
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