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Hard Money Lenders Funds $3.3M Bridge Loan For Boca Raton Single Family Property

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FINANCED
$3,300,000

Florida

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Single Family9,500 SF
Financed 12/15/2023
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Property Image
FINANCED

Hard Money Lenders Funds $3.3M Bridge Loan For Boca Raton Single Family Property

17600 Fieldbrook Circle East

See Similar Deals
Single Family9,500 SF
Financed 12/15/2023
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$347
Total Square Footage:9,500 SF
Transaction Type:Loan

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 17600 Fieldbrook Circle E, LLC.

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.

Players

8 deals$30.3M volume
BROKER

Hard Money Lenders
LENDER

Details

FINANCED
IMAGE: Yuval Elkeslasi DATE: 12/15/2023 ADDRESS: 17600 Fieldbrook Circle East MARKET: Boca Raton ASSET TYPE: Single Family ~ SF: 9,500 LENDER: Hard Money Lenders LANDLORD: 17600 Fieldbrook Circle E, LLC BROKER: Yuval Elkeslasi (@Yelkeslasi) LOAN AMOUNT: $3,300,000 LOAN TYPE: Bridge LOAN TERMS: 2 Years with 6 Month PP NOTE FROM LENDER: Borrower needed to close in one week on a stunning home in Boca Raton. The property had over 1MM in equity from day one. We funded 100% of the purchase price. We are actively funding deals and being creative to get them done. Hard Money Lenders IO is a boutique private money lender out of Aventura, Florida.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,300,000.00

Monthly NOI$22,000.00
Monthly Debt Service$20,858.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00