Updated Dec 4, 2024
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
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