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10235 Boca Entrada Boulevard

Grand Peaks Secures Refinance Loan From PGIM For 448-Unit Multifamily At 10235 Boca Entrada Boulevard
FINANCEDMultiFamily

Grand Peaks Secures Refinance Loan From PGIM For 448-Unit Multifamily At 10235 Boca Entrada Boulevard

10235 Boca Entrada Boulevard

Building Size

Asset Type

MultiFamily

Closing

May 28, 2026

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:

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.

Players

Matthew Williams

Newmark

Broker

$956.3M

vol

12 deals

Broker
GP
Grand PeaksLandlord

Market 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93