Meyers Group Secures $65.3M Construction Loan For Multifamily Project In Dania Beach
FINANCED
$65,320,000
Florida
See Similar DealsMultiFamily
Financed 12/17/2021
FINANCED
Meyers Group Secures $65.3M Construction Loan For Multifamily Project In Dania Beach
120 North Compass Way, Dania Beach, Florida 33004, United States
See Similar DealsMultiFamily
Financed 12/17/2021
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 120 N Compass Way in Dania Beach has been involved in a recent closed transaction. The property consists of 336 units and is situated in the market of Dania Beach.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $65,320,000
- Address: 120 N Compass Way
- Market: Dania Beach
- Units: 336
The lender for this transaction was quadreal''>QuadReal Finance, providing a construction loan. The landlord of the property is Meyers Group, represented by Stuart Meyers.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$65,320,000.00
Monthly NOI$435,466.67
Monthly Debt Service$412,866.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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