Rental Asset Management Secures $10.7M Loan For Hialeah Multifamily
FINANCED
$10,700,000
Florida
See Similar DealsMultiFamily
Financed 08/31/2021
FINANCED
Rental Asset Management Secures $10.7M Loan For Hialeah Multifamily
1035 West 71st Street, Hialeah, FL 33014, USA
See Similar DealsMultiFamily
Financed 08/31/2021
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
Located in Hialeah, the multifamily property at 1035-1055 West 71st Street has recently undergone a closed transaction. The property, managed by Rental Asset Management (RAM), consists of 112 units and was the subject of a loan deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,700,000
- Loan: Freddie Mac provided a 10-year, fixed rate loan for the transaction
- Brokers: Mitch Sinberg & Matthew Robbins - Berkadia
Leading the deal, Mitch Sinberg and Matthew Robbins from Berkadia acted as the brokers representing the parties involved. The loan provided by Freddie Mac allowed for the successful completion of this closed transaction.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,700,000.00
Monthly NOI$71,333.33
Monthly Debt Service$67,631.28
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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