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26 Indian Creek Island Road

Tom Brady Secures $35M Loan From Citizens Bank For Indian Creek Village Estate
FINANCEDSingle Family

Tom Brady Secures $35M Loan From Citizens Bank For Indian Creek Village Estate

26 Indian Creek Island Road

$35,000,000

Building Size

Asset Type

Single Family

Closing

Jul 10, 2024

AI

The single-family property located at 26 Indian Creek Island Road in Indian Creek Village sits on 2 acres of waterfront land. Tom Brady, the landlord, secured a $35 million loan from Citizens Bank for ongoing construction, including a gym, sport court, waterfront pool, and multi-car garage.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $35,000,000
  • Address: 26 Indian Creek Island Road
  • Market: Indian Creek Village
  • Lender: Citizens Bank
  • Landlord: Tom Brady
  • Loan Amount: $35,000,000

The loan, secured by Tom Brady from Citizens Bank, replaced a previous loan from J.P. Morgan Bank and features a lower initial interest rate of 5.63%. This financial support aids in the development of the estate, enhancing its value with luxury amenities.

Players

Citizens Bank
Citizens BankLender

Indian Creek Village 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93