Updated Oct 28, 2024
S3 Capital Partners Provides $28.1M Refinance & Construction Loan For Multifamily Property In Boca Raton
100 West Hidden Valley Boulevard, Boca Raton, Florida 33487, United States
$28,100,000
$244/SF
Building Size
115,169 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
An undisclosed buyer has secured a loan to refinance and construct a multifamily property in Boca Raton, Florida. The asset, located at 100 W Hidden Valley Blvd, encompasses 106 units spread across 115,169 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,100,000
- Market: Boca Raton
- Units: 106
- Square Footage: 115,169
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, provided the loan for this project. The loan amount of $28,100,000 will be used for the renovation of 53 existing units and the construction of 53 new units. For more information about the loan, inquiries can be directed to Steven Jemal at [email protected].
Players
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93