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1560 Pine Valley Road

Pine Valley Property Group LLC Secures $8.1 Million Land Development Loan In Gainesville GA
FINANCEDDevelopment Site

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:

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker

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