Melo Group Refinances Miami Multifamily With $22.3M Freddie Mac Loan
FINANCED
$22,345,000
Florida
See Similar DealsMultiFamily113,245 SF
Financed 06/26/2023
FINANCED
Melo Group Refinances Miami Multifamily With $22.3M Freddie Mac Loan
1415 NW 15th Ave Miami, FL 33125, USA
See Similar DealsMultiFamily113,245 SF
Financed 06/26/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:113,245 SF
Transaction Type:Loan
The multifamily property located at 1415 Northwest 15th Avenue in Miami has recently undergone a refinancing transaction. With a total of 156 units and a size of 113,245 square feet, this property is a significant asset in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,345,000
- Address: 1415 Northwest 15th Avenue
- Market: Miami
In this refinancing deal, the lender involved is Freddie Mac. The landlord of the property is the Melo Group. Aztec Group represented the transaction as the broker, with Peter Mekras acting as their representative.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,345,000.00
Monthly NOI$148,966.67
Monthly Debt Service$141,235.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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