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North Palm Beach, Florida, ...

LoanDepot Acquires Single Family Property In North Palm Beach For $9.9M
SOLDSingle Family Residence

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

Billy Nash

Illustrated Properties Real Estate

Broker

$33.2M

vol

4 deals

Broker
Bank of America
Bank of AmericaLender

North Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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