Wyands Construction Refinances Multifamily Property In Naples With $11M Loan
FINANCED
$11,000,000
Florida
See Similar DealsMultiFamily
Financed 04/28/2022
FINANCED
Wyands Construction Refinances Multifamily Property In Naples With $11M Loan
115 Cambria Ln, Naples, Florida 34112, United States
See Similar DealsMultiFamily
Financed 04/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 115-171 Cambria Lane in Naples was recently involved in a loan transaction. The property spans across 3.77 acres and consists of 20 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Address: 115-171 Cambria Lane
- Market: Naples
- Units: 20
- Acres: 3.77
The loan for this transaction was provided by LV Lending with Camilo Niño, Ricardo Uribe & Alen Hernandez representing the lender. The loan amount for the refinance was $11,000,000. The landlord in this deal is Wyands Construction, with Sidney Hubschman as the representative of the company.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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