The John Hicks Company Secures $16.4M Loan For 180-Unit Multifamily Property In Venice
FINANCED
$16,400,000
Florida
See Similar DealsMultiFamily
Financed 05/02/2022
FINANCED
The John Hicks Company Secures $16.4M Loan For 180-Unit Multifamily Property In Venice
1050 Capri Isles Boulevard, Venice, Florida 34292, United States
See Similar DealsMultiFamily
Financed 05/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The John Hicks Company has closed on a multifamily property transaction located at 1050 Capri Isles Blvd in Venice. The property consists of 180 units and was sold for a loan amount of $16,400,000. The deal was secured with a 10-year fixed-rate loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,400,000
- Address: 1050 Capri Isles Blvd
- Market: Venice
- Units: 180
Elliott Throne, Kenny Cutler, and Joshua Odessky from JLL Capital Markets represented The John Hicks Company as brokers in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,400,000.00
Monthly NOI$109,333.33
Monthly Debt Service$103,659.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions