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4127 Northeast Rigel'S Cove...

Hard Money Company Provides $1.7M Bridge Loan For Waterfront Property In Jensen Beach
FINANCEDSingle Family

Hard Money Company Provides $1.7M Bridge Loan For Waterfront Property In Jensen Beach

4127 Northeast Rigel'S Cove Way

$1,700,000

$487/SF

Building Size

3,489 SF

Asset Type

Single Family

Closing

Jan 30, 2024

AI

The property involved in this closed transaction is a single-family home located at 4127 Northeast Rigel's Cove Way in Jensen Beach. The property spans across 3,489 square feet and features a waterfront view. The transaction was facilitated by Gus Goldsmith of Hard Money Company, who acted as the broker representing the buyer, Gail Pappas. The loan for this transaction was provided by Hard Money Company.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $1,700,000
  • Address: 4127 Northeast Rigel's Cove Way, Jensen Beach
  • Market: Jensen Beach
  • Lender: Hard Money Company
  • Landlord: Gail Pappas
  • Broker: Gus Goldsmith - Hard Money Company
  • Loan Type: Bridge Loan
  • Loan Terms: 1 Year

The borrower required operating capital for this waterfront property in Jensen Beach, and Hard Money Company was able to swiftly provide loan terms that suited the borrower's needs. Hard Money Company, based in Aventura, Florida, specializes in private money lending and offers hard money loans over a period of one to thirty years. For any inquiries or loan requests, interested parties can contact Gus at 786-847-7229.

Players

Gus Goldsmith
Verified Badge

Gus Goldsmith

Hard Money Company

Broker

$1.7M

vol

1 deal

Broker
Hard Money Company
Hard Money CompanyLender

Jensen Beach Single Family Market Snapshot

Boundary boundary · Single Family · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93