Hard Money Company Provides $1.35M Bridge Loan For Hollywood Multifamily
1214-1218 N 17th Ct, Hollywood, Fl 33020
$1,350,000
$428/SF
Building Size
3,150 SF
Asset Type
MultiFamily
Closing
Dec 1, 2022
AI
The multi-family property located at 1214-1218 N 17th Ct in Hollywood has recently undergone a closed transaction. The property consists of 4 units and is situated in the Hollywood market. The lender involved in this transaction was Hard Money Company, providing a bridge loan in the amount of $1,350,000. The loan was secured by Hollywood Gardens, the landlord of the property.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $1,350,000
- Address: 1214-1218 N 17th Ct, Hollywood
- Market: Hollywood
- Units: 4
- Lender: Hard Money Company
- Landlord: Hollywood Gardens
In facilitating this transaction, Yuval Elkeslasi from Goldsmith Equity represented the lender, Hard Money Company. The team at Hard Money Lenders worked tirelessly to ensure the deal was successfully closed. Hard Money Lenders IO is a boutique private money lender based in Aventura, Florida, specializing in multi-family properties. For any inquiries, please contact Yuval Elkeslasi directly at 786-475-7691. Thank you!
Players
Hollywood MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93