LoanDepot Acquires Single Family Property In North Palm Beach For $9.9M
North Palm Beach, Florida, United States
$9,900,000
$1,265/SF
Building Size
7,823 SF
Asset Type
Single Family Residence
Closing
Jan 23, 2022
AI
In a recent real estate transaction in North Palm Beach, a single-family property on 0.3 acres was sold. The property, spanning 6,564 square feet, was purchased by LoanDepot, represented by Anthony Hsieh. The sellers were Jennifer Lytal and Lake H. Lytal III. The deal was facilitated by brokers Carla Christenson and Kimiko DeGuchi from One Sotheby's International Realty.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,900,000
- Market: North Palm Beach
- Asset Type: Single Family
- Acres: 0.3
LoanDepot's involvement in the acquisition was spearheaded by Anthony Hsieh. On the other side of the transaction, Jennifer Lytal and Lake H. Lytal III served as the sellers. Representing the buyer and seller respectively were Carla Christenson and Kimiko DeGuchi from One Sotheby's International Realty.
Players
North Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93