David Horowitz, Jordan Horowitz & Michael Horowitz Of Cooper Horowitz Secures $14.75M Construction Loan For Self Storage In Boynton Beach
FINANCED
$14,750,000
Florida
See Similar DealsSelf Storage103,350 SF
Financed 06/03/2025
FINANCED
David Horowitz, Jordan Horowitz & Michael Horowitz Of Cooper Horowitz Secures $14.75M Construction Loan For Self Storage In Boynton Beach
Self Storage103,350 SF
Financed 06/03/2025
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$142
Total Square Footage:103,350 SF
Transaction Type:Loan
The asset involved in this transaction is a self-storage facility located in Boynton Beach, comprising a total square footage of 103,350. A construction loan was secured for an amount of $14,750,000 to facilitate the development of the property.
Summary of transation details:
- Property Type: Self Storage
- Transaction Amount: $14,750,000
- Loan Type: Construction
- Market: Boynton Beach
- Square Footage: 103,350
The individuals involved in this deal include Jordan Horowitz, Michael Horowitz, and David Horowitz, all of whom represent Cooper Horowitz in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,750,000.00
Monthly NOI$98,333.33
Monthly Debt Service$93,230.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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