Berkadia Brokers Secure $280.3M Loan For Multifamily Assets In Weston & Sunrise
FINANCED
Florida
See Similar DealsMultiFamily
Financed 02/06/2022
FINANCED
Berkadia Brokers Secure $280.3M Loan For Multifamily Assets In Weston & Sunrise
1343 St Tropez Cir, Weston, Florida 33326, United States
See Similar DealsMultiFamily
Financed 02/06/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
BROKERAGE
LENDER
LENDER
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$280,300,000.00
Monthly NOI$1,868,666.67
Monthly Debt Service$1,771,686.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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