Wells Fargo Bank Provides $23.66M Loan For Mixed-Use Property In Tamarac
8501 West McNab Road, Tamarac, FL, USA
$23,660,000
$546/SF
Building Size
43,270 SF
Asset Type
Mixed-use
Closing
Apr 5, 2021
About this deal
AI
A mixed-use property located at 8501-8795 W. McNab Road in Tamarac has recently undergone a closed transaction. The property, situated on 6.24 acres, was the subject of a loan transaction.
Summary of transaction details
- Property Type: Mixed-use
- Loan Amount: $23,660,000
- Address: 8501-8795 W. McNab Road, Tamarac
- Market: Tamarac
The lender involved in the transaction was Wells Fago Bank. The landlords of the property are Cypress Equity Investments, represented by Alla Sorochinsky and Michael Sorochinsky, as well as Eden Multifamily, represented by Jay Massirman and Jay Jacobson.
Players
Tamarac Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93