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1951 N Powerline Rd, Pompan...

Webster Bank National Association Provides $32.1M Loan For 1951 N Powerline Rd, Pompano Beach
FINANCED

Webster Bank National Association Provides $32.1M Loan For 1951 N Powerline Rd, Pompano Beach

1951 N Powerline Rd, Pompano Beach...

$32,100,000

Building Size

Asset Type

Closing

Nov 22, 2023

AI

The property located at 1951 N Powerline Rd in Pompano Beach involved in the transaction boasts a loan amount of $32,100,000.00. The borrower's representative in this deal was Steve Roth from CBRE.

Summary of transaction details:

  • Property Type: Not specified
  • Transaction Amount: $32,100,000.00
  • Address: 1951 N Powerline Rd, Pompano Beach
  • Market: Pompano Beach
  • Lender: Webster Bank National Association
  • Borrower's Rep: Steve Roth (CBRE)

The key individuals and companies involved in the transaction include Steve Roth representing the borrower, and the lending institution Webster Bank National Association.

Players

Steve Roth

CBRE

Broker

$3.1B

vol

21 deals

Broker
Webster Bank National Association
Webster Bank National AssociationLender

Pompano Beach CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93