Lennar Acquires Multifamily Property In Doral With $130M Loan From Truist Bank
FINANCED
$130,000,000
Florida
See Similar DealsMultiFamily330,655 SF
Financed 11/29/2021
FINANCED
Lennar Acquires Multifamily Property In Doral With $130M Loan From Truist Bank
10500 Northwest 78th Street, Doral, FL, USA
See Similar DealsMultiFamily330,655 SF
Financed 11/29/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:330,655 SF
Transaction Type:Loan
The multifamily property located at 10500 NW 78th Street in Doral has been involved in a closed transaction. The property consists of 369 units and is situated in the market of Doral. The transaction took place on November 29, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $130,000,000
- Address: 10500 NW 78th Street
- Market: Doral
- Units: 369
The lender for this transaction was Truist Bank. The loan amount provided for the property was $130,000,000. The landlord involved in this transaction was Lennar, represented by Stuart Miller.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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