Eyal Peretz & Alex Fraynd Of Fuse Group Provide $18.1M Construction Loan To Marco Vazquez & Luis Noronha
1 Fairway Drive
$18,100,000
$14/SF
Building Size
1,288,505 SF
Asset Type
Note / Loan
Closing
Feb 28, 2025
About this deal
AI
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.
On the Map
$18,100,000
$14/SF
Note / Loan
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Players
Santa Rosa Beach Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93