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

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FINANCED
$3,819,900

Florida

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MultiFamily120,000 SF
Financed 05/27/2023
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FINANCED

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

See Similar Deals
MultiFamily120,000 SF
Financed 05/27/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$31
Total Square Footage:120,000 SF
Transaction Type:Loan

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
4 deals$11.8M volume(516) 303-2553
BROKER

Ocean Bank
LENDER

Details

FINANCED
IMAGE: Ziv Cohen DATE: 05/27/2023 ADDRESS: 102 Northwest 36th Street, 120 Northwest 36th Street, 6991 Northwest 51st Street & 7001 Northwest 51st Street MARKET: Miami ASSET TYPE: Package Deal ~ SF: 12,690 LENDER: Ocean Bank (@OceanBankUS) LANDLORD: Maria Perera BROKER: Ziv Cohen - Refined LOAN AMOUNT: $3,819,900 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,819,900.00

Monthly NOI$25,466.00
Monthly Debt Service$24,144.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00