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Dan Bilzerian Secures $7 Million Bridge Loan From Yonel Devico For Las Vegas Single Family Home

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FINANCED
$7,000,000

Nevada

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Single Family Residence40,000 SF
Financed 11/27/2024
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Property Image
FINANCED

Dan Bilzerian Secures $7 Million Bridge Loan From Yonel Devico For Las Vegas Single Family Home

Single Family Residence40,000 SF
Financed 11/27/2024
the dealplayerscompscontact
Contact now

Summary

NEVADA
Asset Type:Single Family Residence
Price Per Square Foot:$175
Total Square Footage:40,000 SF
Transaction Type:Loan

The asset involved in this transaction is a single-family property located in Las Vegas, NV. The property has 40,000 square feet and consists of 63 units. It was offered for a price of $7,000,000 against a market value of $25,000,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,000,000
  • Landlord: Dan Bilzerian
  • Lender: Yonel Devico - Crosby Capital USA
  • Loan Type: Bridge
  • Loan Terms: 12 months

This transaction features Dan Bilzerianas the landlord and Yonel Devico representing Crosby Capital USA as the lender. The deal involves a bridge loan of $7,000,000 with a 12-month term.

Players

Crosby Capital
Crosby Capital
LENDER

Details

FINANCED
IMAGE: Dan Bilzerian & Yonel Devico DATE: 11/27/2024 MARKET: Las Vegas, NV ASSET TYPE: Single Family ~ SF: 40,000 ~ UNITS: 63 LANDLORD: Dan Bilzerian (@DanBilzerian) LENDER: Yonel Devico (@Yonel_Devico) - Crosby Capital USA LOAN AMOUNT: $7,000,000 LOAN TYPE: Bridge LOAN TERMS: 12 months NOTE FROM LENDER: This is the house priced at $25,000,000, which was offered for $7,000,000.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,000,000.00

Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00