Brora Capital Secures $12.5 Million Bridge Loan For Single Family In Gulf Stream
FINANCED
$12,500,000
Florida
See Similar DealsSingle Family Residence
Financed 10/03/2025
FINANCED
Brora Capital Secures $12.5 Million Bridge Loan For Single Family In Gulf Stream
8 Driftwood Landing Road
See Similar DealsSingle Family Residence
Financed 10/03/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Loan
The property involved in this transaction is located at 8 Driftwood Landing Road in Gulf Stream. This asset is categorized as a Single Family residence and has a loan amount of $12,500,000 associated with it, classified as a Bridge loan.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,500,000
- Lender: Ignacio Diaz, Jose Padua Jr, Ben Gluck & Todd Richardson - Brora Capital
- Loan Type: Bridge
The transaction was facilitated by Ignacio Diaz, Jose Padua Jr, Ben Gluck, and Todd Richardson, who represent Brora Capital as the lending entity in this deal, underscoring their roles in the provision of financial support for the property transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,500,000.00
Monthly NOI$83,333.33
Monthly Debt Service$79,008.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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