Updated Oct 28, 2024
FINANCEDMultiFamily
Centennial Bank Provides $5M Construction Loan For Multifamily Property In Hialeah
1295 West 69th Street, Hialeah, Florida 33014, United States
$5,000,000
Units
29
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
A multifamily property located at 1295 W 69 St in Hialeah has been involved in a recent transaction. The property comprises 29 units and spans approximately 43,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Market: Hialeah
- Lender: Centennial Bank - J.C. de Ona
- Landlord: Boschetti Realty Group
The loan for this transaction was provided by Centennial Bank, with J.C. de Ona representing the bank. The loan amount was $5,000,000 and it was a construction loan.
Players
Centennial BankLender
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93