Meyers Group Secures $65.3M Construction Loan For Multifamily Project In Dania Beach
120 North Compass Way, Dania Beach, Florida 33004, United States
$65,320,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
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.
Players
Dania 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93