Nob Hill Partners Secures $62M Loan For Student Housing/Mixed-Use In Davie, FL
2050 Coral Way, Coral Gables, FL, USA
$62,000,000
$110/SF
Building Size
561,591 SF
Asset Type
Mixed-use
Closing
Jul 21, 2020
AI
The property asset involved in this transaction is a student housing/mixed-use property located at 6250-6370 Griffin Road in Davie, FL. The transaction took place on July 21, 2021.
Summary of transation details
- Property Type: Student Housing/Mixed-Use
- Transaction Amount: $62,000,000
- Address: 6250-6370 Griffin Road, Davie, FL
- Market: Davie, FL
The lender for this transaction was Madison Realty Capital, represented by Josh Zegen. The loan amount for this transaction was $62,000,000. The landlord involved in this transaction was Nob Hill Partners, represented by Michael Konig.
Players
Coral Gables Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93