Pensam Provides $8.1M Mezzanine Loan For 171-Unit Multifamily In Opa Locka
FINANCED
$8,100,000
Florida
See Similar DealsMultiFamily
Financed 03/28/2022
FINANCED
Pensam Provides $8.1M Mezzanine Loan For 171-Unit Multifamily In Opa Locka
14166 Northwest 17th Avenue, Opa-locka, Florida 33142, United States
See Similar DealsMultiFamily
Financed 03/28/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,100,000.00
Monthly NOI$54,000.00
Monthly Debt Service$51,197.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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