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
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