Pine Valley Property Group LLC Secures $8.1 Million Land Development Loan In Gainesville GA
1560 Pine Valley Road
$8,095,000
$8,095,000/SF
Building Size
1 SF
Asset Type
Development Site
Closing
Sep 12, 2024
AI
A land development loan of $8,095,000 has been arranged for a development site measuring 34.55 acres located at 1582-1560 Pine Valley Road, Gainesville, GA. The site is entitled for the development of 148 single-family attached homes, which are set to be acquired by a national home builder upon completion.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $8,095,000
- Loan Type: Land development loan
- Address: 1582-1560 Pine Valley Road
- Market: Gainesville, GA
- Landlord: Pine Valley Property Group LLC
- Brokers: Isaac Filler, Yossi Koschitzki, Michael Neumann, Steve Edelstein & Shaya Hirtz - Filler Capital & Avi Brum - Adroc Capital
Filler Capital LLC, in conjunction with Adroc Capital, has facilitated the arrangement of the loan on behalf of their client, reflecting their expertise in providing bespoke debt solutions in the land development sector.
Players
Gainesville Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93