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
Jensen Beach 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93