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150 NE 7th St, Miami, FL, 3...

Updated Dec 4, 2024

Bilt advertisement
The Moinian Group Secures $142.5M Loan From Moinian Capital Partners In Miami
FINANCEDMultiFamily

The Moinian Group Secures $142.5M Loan From Moinian Capital Partners In Miami

150 NE 7th St, Miami, FL, 33132

$142,500,000

Building Size

Asset Type

MultiFamily

Closing

Apr 15, 2019

About this deal

AI

The property involved in the transaction is a Multifamily asset located at 150 NE 7th St, Miami, FL, 33132. The loan amount for this property amounted to $142,500,000.00. The borrower in this deal was The Moinian Group, with Robert Given from CBRE acting as the Borrower's Representative. Moinian Capital Partners served as the lender for this transaction in Miami.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $142,500,000.00
  • Address: 150 NE 7th St, Miami, FL, 33132
  • Market: Miami
  • Borrower: The Moinian Group
  • Borrower's Rep: Robert Given (CBRE)
  • Lender: Moinian Capital Partners

In this deal, The Moinian Group secured a substantial loan amount of $142,500,000.00 from Moinian Capital Partners, with Robert Given of CBRE representing them as the Borrower's Rep. The transaction took place in the vibrant market of Miami, solidifying The Moinian Group's position in the multifamily real estate segment.

Players

Robert Given

CBRE

Broker

$4.2B

vol

44 deals

Broker
The Moinian Group
The Moinian GroupBrokerage
The Moinian Group
The Moinian GroupLender
ZOM Living
ZOM LivingLandlord

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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