Kawa Capital Management Provides $61M Loan For Condo At 851 NE 1st Ave In Miami
FINANCED
$61,000,000
Florida
See Similar DealsCondo
Financed 08/26/2022
FINANCED
Kawa Capital Management Provides $61M Loan For Condo At 851 NE 1st Ave In Miami
851 Northeast 1st Avenue
See Similar DealsCondo
Financed 08/26/2022
Summary
FLORIDA
Asset Type:Condo
Transaction Type:Loan
A condo located at 851 NE 1st Avenue in Miami was involved in a significant loan transaction. The loan amount for the property reached $61,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $61,000,000
- Lender: Kawa Capital Management
- Landlord: Royal Palm Companies - Dan Kodsi
- Date of Transaction: 08/26/2022
The transaction was facilitated by Dan Kodsi, representing the landlord, Royal Palm Companies. The involvement of Kawa Capital Management as the lender highlights key parties engaged in the loan agreement for the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$61,000,000.00
Monthly NOI$406,666.67
Monthly Debt Service$385,561.49
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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