Updated Dec 4, 2024
Tameer Orevi Provides $3.997M Bridge Loan On Atlantic Beach Single Family Home
1770 Bay Boulevard
$3,997,500
$685/SF
Building Size
5,829 SF
Asset Type
Single Family
Closing
Jun 7, 2024
About this deal
AI
The property at 1770 Bay Boulevard in Atlantic Beach is a single-family residence with a total square footage of 5,829. The lender for this transaction was Tameer Orevi from Orevi Capital, providing a loan amount of $3,997,500. The loan type in this deal was a bridge loan with terms set for a bridge to sell, featuring an 18-month loan term with interest-only payments.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,997,500
- Asset Type: Single Family
- Address: 1770 Bay Boulevard
- Market: Atlantic Beach
The landlord associated with this property is Sri Koneru, completing the key individuals involved in this real estate transaction.
Players
Atlantic 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93