FINANCEDMultiFamily
Eugene Rutenberg Of Celestial Fund Closes $24.5 Million Refinance Loan For Florida Multifamily Portfolio
$24,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 13, 2025
AI
The transaction involved the refinance of a multifamily portfolio consisting of 170 apartment units located in Florida. The loan amount for this refinance was set at $24,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,500,000
- Market: Florida
- Units: 170
- Loan Type: Refinance
The consultant representing this deal was Eugene Rutenberg from Celestial Fund, which facilitated the debt loan for the refinance of the multifamily portfolio.
Players
Saint Petersburg MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93