Updated Mar 11, 2025
Berkadia Brokers Secure $280.3M Loan For Multifamily Assets In Weston & Sunrise
1343 St Tropez Cir, Weston, Florida 33326, United States
$280,300,000
Units
972
Asset Type
MultiFamily
Closing
Feb 5, 2022
About this deal
AI
The recently closed property transaction involves a multifamily asset located at 1343 Saint Tropez Circle in Weston and 1640 Northwest 128th Drive in Sunrise. The property consists of 972 units and has been traded for an undisclosed price.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $280,300,000
- Market: Weston & Sunrise
- Lenders: MF1 Capital, CBRE Capital Markets, Limekiln Real Estate, and Berkshire Group
- Brokers: Mitch Sinberg, Matt Robbins, and Hugo Hernandez - Berkadia
Acting as the lenders in this deal, MF1 Capital, CBRE Capital Markets, Limekiln Real Estate, and Berkshire Group provided a loan amount of $280,300,000.
On the Map
$280,300,000
MultiFamily
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Players
Weston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93