Updated Mar 11, 2025
Pensam Provides $8.1M Mezzanine Loan For 171-Unit Multifamily In Opa Locka
14166 Northwest 17th Avenue, Opa-locka, Florida 33142, United States
$8,100,000
Units
171
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
14166 NW 17th Ave in Opa Locka, a multifamily property consisting of 171 units, was recently involved in a loan transaction. The loan, provided by Pensam and represented by Ray Cleeman, was a mezzanine loan with a total amount of $8,100,000. The transaction took place on March 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,100,000
- Address: 14166 NW 17th Ave
- Market: Opa Locka
- Asset Type: Multifamily
- Units: 171
The loan transaction for 14166 NW 17th Ave involved Pensam as the lender, with Ray Cleeman acting as the representative. This mezzanine loan, valued at $8,100,000, provided financing for the multifamily property in Opa Locka. The transaction took place on March 28, 2022.
Players
Miami 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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93