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681 Golden Harbour Drive

Eyal Peretz & Alex Fraynd Of Fuse Group Provide $16.65M Loan For Boca Raton & Fort Lauderdale
FINANCEDNote / Loan

Eyal Peretz & Alex Fraynd Of Fuse Group Provide $16.65M Loan For Boca Raton & Fort Lauderdale

681 Golden Harbour Drive & 2880 Northeast 28th Street

$16,650,000

$492/SF

Building Size

33,842 SF

Asset Type

Note / Loan

Closing

Mar 28, 2025

AI

The asset involved in this transaction includes a Note/Loan associated with properties located at 681 Golden Harbour Drive and 2880 Northeast 28th Street, situated in the Boca Raton and Fort Lauderdale markets. The loan amount totals $16,650,000, and is categorized as both Construction and Refinance, covering a total square footage of 16,921.

Summary of transaction details:

  • Property Type: Note / Loan
  • Transaction Amount: $16,650,000
  • Loan Type: Construction & Refinance
  • Lender: Eyal Peretz & Alex Fraynd - Fuse Group
  • Broker: Eugene Rutenberg - Celestial Fund
  • Address: 681 Golden Harbour Drive & 2880 Northeast 28th Street
  • Market: Boca Raton & Fort Lauderdale

This transaction involves key individuals Eyal Peretz and Alex Fraynd, who are the lenders representing Fuse Group. Broker Eugene Rutenberg represents Celestial Fund in this deal, facilitating the loan arrangement for the properties mentioned.

Players

Eugene Rutenberg

Celestial Fund

Broker

$215.3M

vol

14 deals

Broker
Fuse Group
Fuse GroupLender

Boca Raton 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

0.95%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93