David Meytin & Bobby Talas Of Flatiron Realty Capital Provide $6M Refinance Loan For Construction In Lighthouse Point
$6,000,000
Building Size
—
Asset Type
Single Family Residence
Closing
Aug 27, 2025
AI
The asset involved in this transaction is a Single Family property located in Lighthouse Point, Florida. The transaction includes a refinance loan amounting to $6,000,000 with terms set for a 12 Month Ground Up Construction Loan.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,000,000
- Loan Type: Refinance
- Loan Terms: 12 Month Ground Up Construction Loan
- Lender: David Meytin & Bobby Talas - Flatiron Realty Capital
- Date: 08/28/2025
David Meytin and Bobby Talas of Flatiron Realty Capital facilitated the financing for this project. They noted that the financing reflects their capability to support luxury builders with tailored capital solutions while expanding their construction financing presence across key coastal markets. They also mentioned the availability of refinance options for luxury ground-up construction projects.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93