Scott Modelski Of Black Bear Capital Partners Provides $4.9M Construction Loan For Luxury Single-Family Home In Boca Raton
FINANCED
$4,866,500
Florida
See Similar DealsSingle Family
Financed 12/29/2023
FINANCED
Scott Modelski Of Black Bear Capital Partners Provides $4.9M Construction Loan For Luxury Single-Family Home In Boca Raton
Single Family
Financed 12/29/2023
Summary
Asset Type:Single Family
Transaction Type:Loan
The luxury single-family residence located at 17603 Castlebay Court in Boca Raton, FL was the subject of a recent closed loan transaction. The loan amount for this transaction was $4,866,500 and it was a construction loan. The financing provided was an 18-month interest-only fixed-rate loan.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,866,500
- Address: 17603 Castlebay Court, Boca Raton, FL
- Market: Boca Raton, FL
- Borrower: The Reich Companies
- Broker: Scott Modelski - Black Bear Capital Partners
- Loan Type: Construction
- Loan Terms: 18-month interest-only fixed-rate loan
Scott Modelski from Black Bear Capital Partners represented the borrower, The Reich Companies, in this loan transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,866,500.00
Monthly NOI$32,443.33
Monthly Debt Service$30,759.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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