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
About this deal
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.
On the Map
$32,100,000
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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