Updated Oct 29, 2024
Regions Bank Provides $45.2M Refinance Loan For 138-Unit Multifamily In Opa Locka
14301 NW 17th Ave Opa-locka, FL 33054, USA
$45,200,000
$234/SF
Building Size
193,000 SF
Asset Type
MultiFamily
Closing
Apr 5, 2023
About this deal
AI
The multifamily property located at 14301 Northwest 17th Avenue in Opa Locka has been involved in a recent loan transaction. The property, spanning 193,000 square feet and consisting of 138 units, was the subject of a refinancing deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,200,000
- Lender: Regions Bank
- Landlord: Redwood Dev Co - David Burstyn & Brian Sidman
- Loan Type: Refinance
- Loan Terms: Fannie 10 Year
The loan amount for the refinancing deal was $45,200,000, provided by Regions Bank. Redwood Dev Co, represented by David Burstyn and Brian Sidman, acted as the landlord in this transaction.
On the Map
$45,200,000
$234/SF
MultiFamily
View full map
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit David Burstyn to view all their deals.
Browse Miami multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93