Express Capital Financing Provides $3.15M Acquisition Loan For North Miami Beach Multifamily
FINANCED
$3,150,000
Florida
See Similar DealsMultiFamily7,000 SF
Financed 03/01/2022
FINANCED
Express Capital Financing Provides $3.15M Acquisition Loan For North Miami Beach Multifamily
11900 North Bayshore Drive, North Miami, Florida 33181, United States
See Similar DealsMultiFamily7,000 SF
Financed 03/01/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:7,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,150,000.00
Monthly NOI$21,000.00
Monthly Debt Service$19,910.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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