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Madison Realty Capital Provides $128M Refinance Loan For Hallandale Beach Multifamily Property

Property Image
FINANCED
$128,000,000
Danny Matz
Dustin Stolly
Daniel Fromm
+ 2

Florida

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Financed 12/31/2021
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Property Image
FINANCED

Madison Realty Capital Provides $128M Refinance Loan For Hallandale Beach Multifamily Property

2000 South Ocean Drive, Hallandale Beach, Florida 33009, United States

See Similar Deals
Financed 12/31/2021
Danny Matz
Dustin Stolly
Daniel Fromm
+ 2
the dealplayerscompscontact
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Summary

FLORIDA
Transaction Type:Loan

The property involved in this closed transaction is a multifamily asset located at 2000 Ocean Drive in Hallandale Beach. The property spans a total square footage of 357,000 and consists of 64 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $128,000,000
  • Address: 2000 Ocean Drive, Hallandale Beach
  • Market: Hallandale Beach
  • Lender: Madison Realty Capital
  • Landlord: KAR Properties

The loan amount for this transaction was $128,000,000, and it was categorized as a refinance loan. The deal involved the following brokers: Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Daniel Fromm, and Daniel Matz from Newmark. They represented the parties involved in the transaction.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
264 deals$49.1B volume
BROKER
Nick Scribani
Newmark
Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER
Daniel Fromm
Newmark
Daniel Fromm
82 deals$5.3B volume
BROKER
Danny Matz
Newmark
Danny Matz
28 deals$3.3B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
321 deals$96.2B volume
BROKER
Madison Realty Capital
Madison Realty Capital
LENDER
KP
KAR Properties
LANDLORD

Details

FINANCED
IMAGE: Daniel Matz, Jordan Roeschlaub, Josh Zegen, Dustin Stolly, Daniel Fromm & Nick Scribani DATE: 12/31/2021 ADDRESS: 2000 Ocean Drive MARKET: Hallandale Beach ASSET TYPE: Multifamily ~ SF: 357,000 ~ UNITS: 64 LENDER: Madison Realty Capital LANDLORD: KAR Properties BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani, Daniel Fromm (@Ddwb) & Daniel Matz - Newmark LOAN AMOUNT: $128,000,000 LOAN TYPE: Refinance Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$128,000,000.00

Monthly NOI$853,333.33
Monthly Debt Service$809,047.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00