Updated Jul 2, 2026
FINANCEDMultiFamily
Grand Peaks Secures Refinance Loan From PGIM For 448-Unit Multifamily At 10235 Boca Entrada Boulevard
10235 Boca Entrada Boulevard
Units
448
Asset Type
MultiFamily
Closing
May 28, 2026
About this deal
AI
The property asset involved in the transaction is a multifamily unit consisting of 448 units located at 10235 Boca Entrada Boulevard in Boca Raton. The transaction was a refinance loan facilitated by PGIM.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Boca Raton
- Asset Address: 10235 Boca Entrada Boulevard
- Lender: PGIM
- Landlord: Grand Peaks
- Brokers: Danny Matz, Roberto (Rob) Salcedo, Matt Williams, and Robert Wright - Newmark
- Loan Type: Refinance
The key individuals involved in this transaction include the landlord, Grand Peaks, and the brokerage team from Newmark, which comprises Danny Matz, Roberto (Rob) Salcedo, Matt Williams, and Robert Wright. They facilitated the refinance process and managed the negotiations regarding the loan agreement.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93