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Andrew Waldman Of 360 Capital Funding Refinances Development Site In Myrtle Beach For $14.55M

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FINANCED
$14,550,000

South Carolina

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Development Site
Financed 02/27/2024
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FINANCED

Andrew Waldman Of 360 Capital Funding Refinances Development Site In Myrtle Beach For $14.55M

1406 Withers Drive

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Development Site
Financed 02/27/2024
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Summary

SOUTH CAROLINA
Asset Type:Development Site
Transaction Type:Loan

The development site at 1406 Withers Drive in Myrtle Beach, SC, with a square footage of 800,000, was involved in a refinance loan transaction with a total amount of $14,550,000. The lender for this deal was Andrew Waldman from 360 Capital Funding, and the landlord was M Group Companies. David Eyzenberg from Eyzenberg & Company represented the transaction as the broker.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $14,550,000
  • Address: 1406 Withers Drive
  • Market: Myrtle Beach, SC
  • Asset Type: Development Site
  • Borrower: M Group Companies
  • Lender: Andrew Waldman - 360 Capital Funding
  • Broker: David Eyzenberg - Eyzenberg & Company

Andrew Waldman from 360 Capital Funding provided the loan of $14,550,000 as a refinance for the development site. M Group Companies, the landlord, initiated this transaction with the assistance of David Eyzenberg from Eyzenberg & Company, who represented the deal.

Players

David Eyzenberg
5 deals$99.3M volume
BROKER

360 Capital Funding
LENDER

Details

FINANCED
IMAGE: Andrew Waldman & David Eyzenberg DATE: 02/27/2024 ADDRESS: 1406 Withers Drive MARKET: Myrtle Beach, SC ASSET TYPE: Development Site ~ BSF: 800,0000 LENDER: Andrew Waldman - 360 Capital Funding LANDLORD: M Group Companies BROKER: David Eyzenberg (@Eyzenberg) - Eyzenberg & Company LOAN AMOUNT: $14,550,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$14,550,000.00

Monthly NOI$97,000.00
Monthly Debt Service$91,965.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00