Updated Feb 16, 2024
Apollo Bank Provides A $15.3M Loan For Legacy Residential Group And CD Group's Development Site In Miami
6790 Sw 80th St, Miami, Fl 33143, Usa
$15,300,000
$10,065/SF
Building Size
1,520 SF
Asset Type
Development Site
Closing
Nov 16, 2020
About this deal
AI
A development site located at 6790-6880 Southwest 80th Street in Miami has been involved in a recent transaction. The property, owned by Legacy Residential Group represented by Tom Cabrerizo and CD Group represented by Maurice Cayon, has secured a loan from Apollo Bank in the amount of $15,300,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,300,000
- Address: 6790-6880 Southwest 80th Street, Miami
- Lender: Apollo Bank
- Landlord: Legacy Residential Group - Tom Cabrerizo & CD Group - Maurice Cayon
The key individuals and companies involved in this deal include Tom Cabrerizo representing Legacy Residential Group and Maurice Cayon representing CD Group. These representatives played a crucial role in securing the loan from Apollo Bank for the development site at the mentioned address in Miami.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Browse Connecticut development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93