FINANCED
Highland Realty Capital Provides $3.6M Acquisition Loan For West Palm Beach Multifamily
418 Kanuga Drive
MultiFamily
9,792 SF
9,792 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
9,792 sqft
A multifamily property located at 418 Kanuga Dr in West Palm Beach has been involved in a recent closed transaction. The property consists of 16 units and spans a total of 9,792 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 418 Kanuga Dr
- Market: West Palm Beach
- Number of Units: 16
- Total Square Footage: 9,792
The loan for this transaction was provided by Highland Realty Capital. The brokers involved in the deal were Leland Ortega and Jeffrey K. Eliason from Highland Realty Capital. The loan, totaling $3,600,000, was classified as an Acquisition Loan with the terms stating that it is an Acquisition Rehab Bridge Loan. The loan was sized to 130% of the Purchase Price and 90% of the Project Cost.
Players
All
3
Agents
2
Lenders
1
Details
FINANCED
IMAGE: Leland Ortega & Jeffrey K. Eliason
DATE: 04/01/2022
ADDRESS: 418 Kanuga Dr
MARKET: West Palm Beach
ASSET TYPE: Multifamily ~ UNITS: 16 ~ SF: 9,792
LENDER: Highland Realty Capital
BROKERS: Leland Ortega & Jeffrey K. Eliason - Highland Realty Capital
LOAN AMOUNT: $3,600,000
LOAN TYPE: Acquisition Loan
LOAN TERMS: Acquisition Rehab Bridge Loan, Loan sized to 130% of Purchase Price and 90% of Project Cost.View on map
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Address418 Kanuga Drive
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