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

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FINANCED
$142,500,000

Florida

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MultiFamily
Financed 04/15/2019
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Property Image
FINANCED

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

150 NE 7th St, Miami, FL, 33132

See Similar Deals
MultiFamily
Financed 04/15/2019
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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
44 deals$4.2B volume(561) 213-5297
BROKER

The Moinian Group
BROKERAGE


ZOM Living
LANDLORD

Details

FINANCED
IMAGE: 04/15/2019 ADDRESS: 150 NE 7th St, Miami, FL, 33132 MARKET: Miami ASSET TYPE: MultiFamily BORROWER'S REP: Robert Given(CBRE) BORROWER: The Moinian Group LENDER: Moinian Capital Partners LOAN AMOUNT: $142,500,000.00

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$142,500,000.00

Monthly NOI$950,000.00
Monthly Debt Service$900,696.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00