Dan Bilzerian Secures $7 Million Bridge Loan From Yonel Devico For Las Vegas Single Family Home
$7,000,000
$175/SF
Building Size
40,000 SF
Asset Type
Single Family Residence
Closing
Nov 27, 2024
AI
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
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93