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
Pompano Beach CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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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