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102 NW 36th St Miami, FL 33...

Ocean Bank Refinances Package Deal In Miami For $3.8M With Landlord Maria Perera, Broker Ziv Cohen - Refined
FINANCEDMultiFamily

Ocean Bank Refinances Package Deal In Miami For $3.8M With Landlord Maria Perera, Broker Ziv Cohen - Refined

102 NW 36th St Miami, FL 33127, USA, 102 NW 36th St Miami, FL 33127, USA & 102 NW 36th St Miami, FL 33127, USA

$3,819,900

$31/SF

Building Size

120,000 SF

Asset Type

MultiFamily

Closing

May 27, 2023

AI

The package deal in Miami, consisting of four properties located at 102 Northwest 36th Street, 120 Northwest 36th Street, 6991 Northwest 51st Street, and 7001 Northwest 51st Street, has been closed. The total square footage of the properties is 12,690. The loan for this transaction was provided by Ocean Bank, with a loan amount of $3,819,900. The loan type for this deal was a refinance.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $3,819,900
  • Lender: Ocean Bank
  • Landlord: Maria Perera
  • Broker: Ziv Cohen - Refined

Maria Perera served as the landlord for this transaction, while Ziv Cohen from Refined represented the buyer. This refinance deal allowed the buyer to secure financing for the package deal in Miami. The involvement of Ocean Bank as the lender facilitated the successful completion of the transaction.

Players

Ziv Cohen

Cohen Capital Group

Broker

$26.8M

vol

5 deals

Broker
Ocean Bank
Ocean BankLender

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.15%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93