Valley Bank Provides $24M Construction Loan For Redwood Dev Co's Multifamily In Opa Locka
FINANCED
$24,000,000
Florida
See Similar DealsMultiFamily140,000 SF
Financed 04/03/2023
FINANCED
Valley Bank Provides $24M Construction Loan For Redwood Dev Co's Multifamily In Opa Locka
13800 Northwest 22nd Avenue
See Similar DealsMultiFamily140,000 SF
Financed 04/03/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$171
Total Square Footage:140,000 SF
Transaction Type:Loan
The property asset involved in this closed transaction is located at 13800 Northwest 22nd Avenue in Opa Locka. It is a multifamily property consisting of 98 units with a total square footage of 140,000. The property is owned by Redwood Dev Co, represented by David Burstyn and Brian A. Sidman.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Market: Opa Locka
- Lender: Valley Bank
- Loan Type: Construction Loan
- Loan Terms: Construction to Perm
The lender in this transaction is Valley Bank, providing a construction loan of $24,000,000. The loan terms are construction to permanent. Redwood Dev Co, represented by David Burstyn and Brian A. Sidman, acted as the landlord in this deal.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions