Bank Of America Provides $33M Loan For AHS Residential Development Site In Kendall
FINANCED
$33,000,000
Florida
See Similar DealsDevelopment Site
Financed 04/07/2020
FINANCED
Bank Of America Provides $33M Loan For AHS Residential Development Site In Kendall
Southwest 152nd Avenue, Kendall West, FL, USA
See Similar DealsDevelopment Site
Financed 04/07/2020
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$33,000,000.00
Monthly NOI$220,000.00
Monthly Debt Service$208,582.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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