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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Deal FAQ
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