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Omega Real Estate Management Secures $100M Construction Loan For 358-Unit Multifamily In North Miami With Lender Churchill Real Estate. Berkadia Brokers Deal

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FINANCED
$100,000,000

Florida

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MultiFamily1,852 SF
Financed 06/24/2022
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FINANCED

Omega Real Estate Management Secures $100M Construction Loan For 358-Unit Multifamily In North Miami With Lender Churchill Real Estate. Berkadia Brokers Deal

1155 Northeast 126th Street, North Miami, Florida 33161, United States

See Similar Deals
MultiFamily1,852 SF
Financed 06/24/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$53,995
Total Square Footage:1,852 SF
Transaction Type:Loan

The loan for a multifamily property located at 1155 NE 126th St in North Miami has closed. The property consists of 358 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Loan Type: Construction

The lender for this transaction was Churchill Real Estate, represented by Jeff Rosenfeld and Sean Robertson. The landlord of the property is Omega Real Estate Management, with representatives Sebastien Scemla, Shawn Chemtov, Anthony Hodes, John Carlos Lago, and Juan Carlos Lago. The brokers involved in the deal were Charles Foschini, Chris Apone, and Robert Iudice from Berkadia.

Players

Charles Foschini
57 deals$3.1B volume(305) 267-6608
BROKER

Christopher (Chris) Apone
Berkadia
49 deals$2.4B volume
BROKER

Robert Iudice
Berkadia
4 deals$330M volume
BROKER

Churchill Real Estate
LENDER

Details

FINANCED
IMAGE: Robert Iudice, Shawn Chemtov, Charles Foschini, Anthony Hodes, Chris Apone, Sebastien Scemla, Sean Robertson, John Carlos Lago, Jeff Rosenfeld & Juan Carlos Lago DATE: 06/24/2022 ADDRESS: 1155 NE 126th St MARKET: North Miami ASSET TYPE: Multifamily ~ UNITS: 358 LENDER: Churchill Real Estate - Jeff Rosenfeld & Sean Robertson LANDLORD: Omega Real Estate Management - Sebastien Scemla, Shawn Chemtov, Anthony Hodes, John Carlos Lago & Juan Carlos Lago BROKERS: Charles Foschini, Chris Apone & Robert Iudice - Berkadia LOAN AMOUNT: $100,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$100,000,000.00

Monthly NOI$666,666.67
Monthly Debt Service$632,068.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00