Updated Dec 21, 2023
Equitas Capital Group Refinances Multifamily Property In South Bay For $3.5 Million
1050 West Palm Beach Road, South Bay, Florida 33493, United States
$3,489,000
$143/SF
Building Size
24,240 SF
Asset Type
MultiFamily
Closing
Jun 20, 2022
About this deal
AI
The multifamily property located at 1050 Palm Beach Rd in South Bay was involved in a loan transaction. The property spans a total of 24,240 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,489,000
- Loan Type: Refinance
- Loan Terms: LTV: 75%, Term: 10 years fixed, Amortization: 30 years, Non Recourse, Assumable
The loan for this transaction was facilitated by Alex Leykind and Zarina Bazakova from Equitas Capital Group. Equitas Capital Group specializes in providing personalized commercial real estate financing solutions and understanding the unique needs and challenges of their clients.
To learn more about financing your next commercial property, you can contact Equitas Capital Group at 646-637-7510 or [email protected].
On the Map
$3,489,000
$143/SF
MultiFamily
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Players
South Bay 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
4.55%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93