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4100 North Hills Drive, Hol...

Updated Dec 21, 2023

FM Capital Refinances Mixed-Use Property In Hollywood For $3M Loan
FINANCEDMixed-use

FM Capital Refinances Mixed-Use Property In Hollywood For $3M Loan

4100 North Hills Drive, Hollywood, Florida 33021, United States

$3,000,000

Building Size

Asset Type

Mixed-use

Closing

Jul 25, 2022

About this deal

AI

The recently closed transaction in Hollywood involved a mixed-use property located at 4100 N. Hills Dr. The property, which is situated in a prime location, underwent a refinance loan totaling $3,000,000. This loan was secured on 07/26/2022, providing the property owners with the opportunity to optimize their financial situation.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,000,000
  • Address: 4100 N. Hills Dr
  • Market: Hollywood

The broker involved in facilitating this transaction was FM Capital, a reputable agency experienced in handling complex financial transactions. Their expertise and industry knowledge played a crucial role in successfully securing the refinance loan for the property owners. The loan type was specifically tailored to meet the financial needs of the property owners and enhance their investment opportunities.

This closed transaction signifies the continuous growth and development of the real estate market in Hollywood. The refinance loan enables the property owners to seize new opportunities and maximize their property's potential. With the support of FM Capital, they can confidently navigate the market and ensure the long-term success and profitability of their mixed-use property.

Players

Hollywood Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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