Eyal Peretz & Alex Fraynd Of Fuse Group Provide $18.1M Construction Loan To Marco Vazquez & Luis Noronha
FINANCED
$18,100,000
Florida
See Similar DealsNote / Loan1,288,505 SF
Financed 02/28/2025
FINANCED
Eyal Peretz & Alex Fraynd Of Fuse Group Provide $18.1M Construction Loan To Marco Vazquez & Luis Noronha
1 Fairway Drive
See Similar DealsNote / Loan1,288,505 SF
Financed 02/28/2025
Summary
FLORIDA
Asset Type:Note / Loan
Price Per Square Foot:$14
Total Square Footage:1,288,505 SF
Transaction Type:Loan
The asset involved in this transaction is a note/loan for a construction project located at 1 Fairway Drive in Santa Rosa Beach, encompassing an area of 29.58 acres. The total loan amount is $18,100,000.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $18,100,000
- Lender: Eyal Peretz & Alex Fraynd - Fuse Group
- Borrower: Marco Vazquez & Luis Noronha
- Broker: Ken Klein - Klein Kapital Advisors
- Loan Type: Construction
Key individuals involved in this transaction include Eyal Peretz and Alex Fraynd, acting as the lenders under the Fuse Group, while Ken Klein serves as the broker representing the deal. The borrowers are Marco Vazquez and Luis Noronha.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,100,000.00
Monthly NOI$120,666.67
Monthly Debt Service$114,404.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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