Updated Jun 5, 2025
Chase, Florida Housing Finance, And Walker & Dunlop Issue $63.65M Loan For Hollywood Development Site
901 S Federal Hwy, Hollywood, FL 33020, USA
$63,650,000
$3,105/SF
Building Size
20,496 SF
Asset Type
Development Site
Closing
Jun 17, 2020
About this deal
AI
A development site located at 901 South Federal Highway in Hollywood has been involved in a recent closed transaction. The property, owned by Housing Trust Group and represented by Matt Rieger, has secured a loan for a total amount of $63,650,000. This loan was provided by Chase Bank, Florida Housing Finance Corporation, and Walker & Dunlop. The development site comprises 96 units.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $63,650,000
- Address: 901 South Federal Highway, Hollywood
- Lender: Chase Bank, Florida Housing Finance Corporation, Walker & Dunlop
- Landlord: Housing Trust Group - Matt Rieger
- Units: 96
The deal involved key individuals and companies such as Matt Rieger representing Housing Trust Group. This transaction underscores the confidence that Chase Bank, Florida Housing Finance Corporation, and Walker & Dunlop have in the potential of this development site in Hollywood.
Players
Hollywood Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93