Updated Dec 4, 2024
Hard Money Lenders Funds $3.3M Bridge Loan For Boca Raton Single Family Property
17600 Fieldbrook Circle East
$3,300,000
$347/SF
Building Size
9,500 SF
Asset Type
Single Family
Closing
Dec 15, 2023
About this deal
AI
The property involved in this transaction is a single-family home located at 17600 Fieldbrook Circle East in Boca Raton. The property has a total square footage of 9,500 and is situated in the market of Boca Raton. The transaction took place on 12/15/2023.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,300,000
- Loan Type: Bridge
- Loan Terms: 2 Years with 6 Month PP
The lender involved in this transaction is Hard Money Lenders, a boutique private money lender based in Aventura, Florida. They funded 100% of the purchase price, providing a loan amount of $3,300,000. The landlord in this transaction is .
The broker representing the deal is Yuval Elkeslasi of Hard Money Lenders. The borrower needed to close the deal within one week on a home with over $1 million in equity from day one. It is worth noting that Hard Money Lenders IO is actively funding deals and employing creative strategies to ensure successful transactions.
On the Map
$3,300,000
$347/SF
Single Family
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Players
Boca Raton Single Family Market Snapshot
Boundary boundary · Single Family · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93