Private Money Lenders Funds Construction Loan For Modern Masterpiece In Boca Raton
FINANCED
$2,995,400
Florida
See Similar DealsSingle Family Residence8,900 SF
Financed 06/24/2022
FINANCED
Private Money Lenders Funds Construction Loan For Modern Masterpiece In Boca Raton
7859 Mandarin Drive, Boca Raton, Florida 33433, United States
See Similar DealsSingle Family Residence8,900 SF
Financed 06/24/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$336
Total Square Footage:8,900 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,995,400.00
Monthly NOI$19,969.33
Monthly Debt Service$18,932.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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