Regions Bank Provides $45.2M Refinance Loan For 138-Unit Multifamily In Opa Locka
FINANCED
$45,200,000
Florida
See Similar DealsMultiFamily193,000 SF
Financed 04/05/2023
FINANCED
Regions Bank Provides $45.2M Refinance Loan For 138-Unit Multifamily In Opa Locka
14301 NW 17th Ave Opa-locka, FL 33054, USA
See Similar DealsMultiFamily193,000 SF
Financed 04/05/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$234
Total Square Footage:193,000 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,200,000.00
Monthly NOI$301,333.33
Monthly Debt Service$285,694.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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