Updated Mar 11, 2025
Express Capital Financing Provides $3.15M Acquisition Loan For North Miami Beach Multifamily
11900 North Bayshore Drive, North Miami, Florida 33181, United States
$3,150,000
$450/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
The multifamily property located at 11900 Bayshore Dr in North Miami Beach has been acquired through a loan. With a total of 8 units and approximately 7,000 square feet, this property offers a promising investment opportunity.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,150,000
- Units: 8
- Square Footage: 7,000
- Address: 11900 Bayshore Dr, North Miami Beach
The loan for this acquisition was provided by Express Capital Financing, with David Chera representing the lender. The loan amount is $3,150,000, and it is categorized as an acquisition loan.
On the Map
$3,150,000
$450/SF
MultiFamily
View full map
Players
North Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93