Updated Dec 4, 2024
Uanderson Benedetti & Aaron Lerman Secure $22.5M Construction Loan For Jupiter Island Single Family Home
$22,500,000
$1,323/SF
Building Size
17,000 SF
Asset Type
Single Family Residence
Closing
Aug 1, 2024
About this deal
AI
The asset involved in this transaction is a Single Family residential property located in the Jupiter Island market. The property spans 17,000 square feet and has a specified loan amount of $22,500,000. The loan type for this transaction is identified as construction.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $22,500,000
- Asset Size: 17,000 SF
- Market: Jupiter Island
- Lender: Uanderson Benedetti & Aaron Lerman - Broadfield Realty Capital
- Loan Type: Construction
Involved in the financing of this transaction are Uanderson Benedetti and Aaron Lerman, who both represent Broadfield Realty Capital as lenders for the construction loan. Their collaboration indicates a strategic partnership in facilitating this closed transaction.
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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93