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Southwest 152nd Avenue, Ken...

Bank Of America Provides $33M Loan For AHS Residential Development Site In Kendall
FINANCEDDevelopment Site

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

Bank of America
Bank of AmericaLender

Ernesto Lopes

AHS Residential

Landlord

$925.1M

vol

14 deals

Landlord

Miami 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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93