Bank Of America Provides $33M Loan For AHS Residential Development Site In Kendall
Southwest 152nd Avenue, Kendall West, FL, USA
$33,000,000
Building Size
—
Asset Type
Development Site
Closing
Apr 6, 2020
AI
A development site located at Southwest 152nd Avenue & Southwest 136th Street in Kendall has been involved in a closed property transaction. The transaction took place on 04/07/2020.
Summary of transaction details
- Property Type: Development site
- Loan Amount: $33,000,000
- Address: Southwest 152nd Avenue & Southwest 136th Street, Kendall
- Market: Kendall
- Lender: Bank of America
- Landlord: AHS Residential - Ernesto Lopes & Rubens Menin Texeira de Souza
- Units: 264
The lender in this transaction was Bank of America. The development site's landlord was AHS Residential - Ernesto Lopes & Rubens Menin Texeira de Souza. The loan amount for this transaction was $33,000,000.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93