Hard Money Lenders Provides $2.1M Bridge Loan For St. Pete Beach Multifamily Property
FINANCED
$2,100,000
Florida
See Similar DealsMultiFamily3,200 SF
Financed 07/24/2023
FINANCED
Hard Money Lenders Provides $2.1M Bridge Loan For St. Pete Beach Multifamily Property
970 Boca Ciega Isle Dr St Pete Beach, FL 33706, USA
See Similar DealsMultiFamily3,200 SF
Financed 07/24/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$656
Total Square Footage:3,200 SF
Transaction Type:Loan
The property involved in this transaction is a multi-family property located at 970 Boca Ciega Isle Drive in St. Pete Beach. The property spans approximately 3,200 square feet and is situated in a prime waterfront location. The loan amount for this transaction is $2,100,000, and the loan type is a bridge loan.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,100,000
- Address: 970 Boca Ciega Isle Drive
- Market: St. Pete Beach
- Square Footage: 3,200
The lender in this transaction is Hard Money Lenders - Yuval Elkeslasi, a boutique private money lender based in Aventura, Florida. The landlord involved in this deal is D Hagan. The team at Hard Money Lenders worked tirelessly to secure the loan for this waterfront property. If you have any questions or need further information, you can contact Yuval Elkeslasi directly at 786-475-7691.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,100,000.00
Monthly NOI$14,000.00
Monthly Debt Service$13,273.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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