BEB Capital Provides $4.89M Loan For Retail Assets In West Palm Beach
FINANCED
$4,894,000
Florida
See Similar DealsRetail82,302 SF
Financed 05/02/2024
FINANCED
BEB Capital Provides $4.89M Loan For Retail Assets In West Palm Beach
114 South Narcissus Avenue, 526 Clematis Street & 3615 Henry Avenue
See Similar DealsRetail82,302 SF
Financed 05/02/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$59
Total Square Footage:82,302 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,894,000.00
Monthly NOI$32,626.67
Monthly Debt Service$30,933.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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