Private Investor Provides $16M Loan For Raw Land In Kona, Hawaii | Max Benjamin, Jason Moyal, Alec Ziff Brokers deal for $16,000,000 in Kona, Hawaii | Jason Moyal, Max B. Mellman, Alec Ziff | Loan

Summary

Loan

HAWAII

24 sqft

Located in Kona, Hawaii, this closed transaction involves a parcel of raw land spanning 24 acres. The deal was finalized on 11/04/2019.

Summary of transation details

Property Type: Raw land
Transaction Amount: $16,000,000
Market: Kona, Hawaii

The loan for this transaction was provided by a private high net worth investor. The landlord, Brian Anderson, was represented by Max Benjamin, Jason Moyal, and Alec Ziff of the brokerage. The loan amount, $16,000,000, corresponds to a 100% Loan-to-Cost (LTC) ratio and a 114% Loan-to-Acquisition (LTA) ratio. The loan has a 6-month term, with an 18-month extension option, and closed in less than 30 days.

This successful transaction demonstrates the interest of a private high net worth investor in acquiring 24 acres of raw land in Kona, Hawaii. With the expertise of Max Benjamin, Jason Moyal, and Alec Ziff, the landlord, Brian Anderson, secured financing of $16,000,000 to complete the deal.

Players

All
3

Agents
3

$5.1M Sold

Details

Deal Summary

FINANCED

IMAGE: Max Benjamin @Maxbenjamn & Jason Moyal @jamgram728 DATE: 11/04/2019 MARKET: Kona, Hawaii ASSET TYPE: Raw land LENDER: Private HNW investor LANDLORD: Brian Anderson BROKERS: Max Benjamin, Jason Moyal, Alec Ziff LOAN AMOUNT: $16,000,000 LOAN TERMS: 100% LTC, 114% Loan to acquisition price, 6 month term, with 18 month extension option- less than 30 day close. SF: 24 acres

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AddressMax Benjamin, Jason Moyal, Alec Ziff Brokers deal for $16,000,000 in Kona, Hawaii

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