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4098 NE 167th St

LV Lending Provides $16.5M Construction Loan For North Miami Beach Multifamily Property
FINANCED

LV Lending Provides $16.5M Construction Loan For North Miami Beach Multifamily Property

4098 NE 167th St

Building Size

Asset Type

Closing

Jul 28, 2022

AI

A multifamily property located at 4098 NE 167th St in North Miami Beach has recently undergone a closed transaction. The property consists of 10 units and spans across 26,773 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,500,000
  • Market: North Miami Beach
  • Address: 4098 NE 167th St
  • Units: 10
  • Square Footage: 26,773

LV Lending, represented by Camilo Niño, Ricardo Uribe, and Alen Hernandez, provided a construction loan of $16,500,000 for this property. The landlord of the property is Macken Companies, represented by Alan S. Macken.

Players

Alan S. Macken

Macken Companies

Landlord

$33.8M

vol

6 deals

Landlord

North Miami 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93