Robert Talas & Seena Talas Of Flatiron Realty Capital Provide $10.5 Million Loan In Pinecrest
$10,500,000
$875/SF
Building Size
12,000 SF
Asset Type
Single Family Residence
Closing
Mar 24, 2025
AI
The asset involved in this transaction is a Single Family property located in Pinecrest. The property encompasses 12,000 square feet and is currently undergoing a mid-construction refinance. The loan amount for this project is $10,500,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,500,000
- Lender: Robert Talas & Seena Talas - Flatiron Realty Capital
- Loan Type: Construction
- Loan Terms: Mid-Construction Refinance
- Date of Transaction: 03/24/2025
Robert Talas and Seena Talas from Flatiron Realty Capital provided the financing for this property. Flatiron Realty Capital is a privately funded real estate portfolio lender specializing in alternative financing solutions for developers and investors nationwide, focusing on bridge loans and construction financing. They have committed $600MM to luxury bridge loans and have initiated a 12-month mid-construction refinance for this project.
Players
Market 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93