Multiplan Real Estate Asset Management Secures $58.5M Loan For 70-Unit Multifamily Property In Miami Beach With Bank OZK
FINANCED
$58,500,000
+ 1
California
See Similar DealsMultiFamily3,443 SF
Financed
FINANCED
Multiplan Real Estate Asset Management Secures $58.5M Loan For 70-Unit Multifamily Property In Miami Beach With Bank OZK
5775 Collins Ave #57 Ocean, Miami Beach, Fl 33140, Usa
See Similar DealsMultiFamily3,443 SF
Financed
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$16991
Total Square Footage:3443 SF
Transaction Type:Loan
The multifamily property located at 5775 Collins Avenue in Miami Beach has been closed in a transaction. The property consists of 70 units and the loan amount for the deal was $58,500,000. The lender involved in this transaction was Bank OZK. The landlord of the property is Multiplan Real Estate Asset Management, represented by José Isaac Peres and Marcelo Kingston.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58,500,000
- Address: 5775 Collins Avenue, Miami Beach
- Market: Miami Beach
- Units: 70
The brokers representing the deal were Manny de Zárraga and Jesse Wright from JLL.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$58,500,000.00
Monthly NOI$390,000.00
Monthly Debt Service$369,759.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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