Updated Mar 11, 2025
Private Money Lenders Funds Construction Loan For Modern Masterpiece In Boca Raton
7859 Mandarin Drive, Boca Raton, Florida 33433, United States
$2,995,400
$336/SF
Building Size
8,900 SF
Asset Type
Single Family Residence
Closing
Jun 23, 2022
About this deal
AI
A construction loan was provided by Private Money Lenders, represented by Payam Pedram, to fund the ground-up construction of an impressive 8,900 square foot modern masterpiece located at 7859 Mandarin Dr in Boca Raton, FL. The loan amount for this project was $2,995,400.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $2,995,400
- Loan Type: Construction Loan
- Loan Terms: Ground Up Construction
- Lender: Private Money Lenders - Payam Pedram
This project, funded by a construction loan, showcases the collaboration between Private Money Lenders and their representative, Payam Pedram. The loan financed the development of a stunning 8,900 square foot modern home in Boca Raton, FL. This project exemplifies the dedication and expertise of the involved parties in bringing this remarkable property to life.
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Deal FAQ
Visit Payam Pedram to view all their deals.
Browse Florida single family residence loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.30%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93