Updated Oct 29, 2024
Beachwold Residential Acquires Multifamily Property In Panama City Beach For $38.2M
102 Cabana Cay Circle, Panama City Beach, FL, USA
$38,200,000
$52,472/SF
Building Size
728 SF
Asset Type
MultiFamily
Closing
Dec 17, 2020
About this deal
AI
Beachwold Residential recently closed a loan transaction for a multifamily property located at 102 Cabana Cay Circle in Panama City Beach. The property consists of 304 units and has an address in the Panama City Beach market. The loan amount for this transaction was $38,200,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,200,000
- Units: 304
- Market: Panama City Beach
- Landlord: Beachwold Residential
- Broker: JLL
The loan transaction was facilitated by JLL, who acted as the broker representing Beachwold Residential in the deal.
Players
Panama City Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
About $52.5K per square foot on a published $38.2M for 728 square feet (2020).
Browse Florida multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93