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1214-1218 N 17th Ct, Hollyw...

Hard Money Company Provides $1.35M Bridge Loan For Hollywood Multifamily
FINANCEDMultiFamily

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

Yuval Elkeslasi

Broker

$30.3M

vol

8 deals

Broker
Hard Money Company
Hard Money CompanyBrokerage
Hard Money Company
Hard Money CompanyLender

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