FinanceBoston Provides $14 Million Acquisition Loan To Landlord Robert & Linnette Miller For Palm Beach Property
143 Clarendon Avenue
$14,000,000
$1,614/SF
Building Size
8,671 SF
Asset Type
Single Family Residence
Closing
Feb 5, 2026
AI
The property asset involved in this transaction is a single-family home located at 143 Clarendon Avenue in the Palm Beach market, featuring a total square footage of 8,671. The acquisition loan was secured for an amount of $14,000,000.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $14,000,000
- Lender: FinanceBoston
- Landlord: Robert & Linnette Miller
- Broker: Carole Koeppel - Sotheby's International Realty
- Loan Type: Acquisition
The deal involves key individuals including Fergal Woods and Anna Napadiy, who are part of the financial arrangement surrounding the acquisition. The involvement of FinanceBoston as the lender underlines the financing structure of this transaction.
Players
Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93