FinanceBoston Provides $14 Million Acquisition Loan To Landlord Robert & Linnette Miller For Palm Beach Property
FINANCED
$14,000,000
Florida
See Similar DealsSingle Family Residence8,671 SF
Financed 02/06/2026
FINANCED
FinanceBoston Provides $14 Million Acquisition Loan To Landlord Robert & Linnette Miller For Palm Beach Property
143 Clarendon Avenue
See Similar DealsSingle Family Residence8,671 SF
Financed 02/06/2026
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,614
Total Square Footage:8,671 SF
Transaction Type:Loan
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
ORIGINATOR
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,000,000.00
Monthly NOI$93,333.33
Monthly Debt Service$88,489.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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