Noam Kaminetzky Of Meridian Capital Group Secures $5 Million Refinance For Miami Multifamily Asset
13210 Memorial Highway
$5,000,000
$174/SF
Building Size
28,729 SF
Asset Type
MultiFamily
Closing
Jul 28, 2024
AI
The property asset involved in this transaction is a multifamily building located at 13210 Memorial Highway in Miami. The asset consists of 42 units and encompasses a total of 28,729 square feet. A refinance loan amounting to $5,000,000 has been secured for this property.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Units: 42
- Square Footage: 28,729
- Address: 13210 Memorial Highway
- Market: Miami
- Loan Type: Refinance
- Broker: Noam Kaminetzky - Meridian Capital Group
The deal was facilitated by broker Noam Kaminetzky, who represents Meridian Capital Group in this transaction. His involvement contributes to the successful execution of the refinance for the property at the specified address and market.
Miami 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93