BEB Capital Provides $4.89M Loan For Retail Assets In West Palm Beach
114 South Narcissus Avenue, 526 Clematis Street & 3615 Henry Avenue
$4,894,000
$59/SF
Building Size
27,434 SF
Asset Type
Retail
Closing
May 2, 2024
AI
The retail property located at 114 South Narcissus Avenue, 526 Clematis Street, and 3615 Henry Avenue in West Palm Beach spans a total of 27,434 square feet. The loan for this property was provided by Keyvan Ghaytanchi, Lee Brodsky, and Sean Silverbrook of BEB Capital, amounting to $4,894,000. The loan type for this transaction was recapitalization.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,894,000
- Address: 114 South Narcissus Avenue, 526 Clematis Street, 3615 Henry Avenue
- Market: West Palm Beach
- Lender: Keyvan Ghaytanchi, Lee Brodsky & Sean Silverbrook - BEB Capital
- Loan Type: Recapitalization
The lending for this property in West Palm Beach involved Keyvan Ghaytanchi, Lee Brodsky, and Sean Silverbrook from BEB Capital. BEB Lending provided the loan totaling $4,894,000 across three assets, showcasing their active involvement in nationwide lending.
Players
West Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93