Updated Oct 28, 2024
Advenir Refinances Boyton Beach Multifamily Portfolio With $93.6M Loan From Freddie Mac
1561 Stonehaven Drive
$93,600,000
$348/SF
Building Size
268,328 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
About this deal
AI
The multifamily property located at 1561 Stonehaven Dr and 4101 Mahogany Drive in Boyton Beach has undergone a refinancing transaction. The property consists of a total of 268 and 328 units with a combined square footage of 268,328. The loan amount for this transaction is $93,600,000 and the loan was obtained from Freddie Mac.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $93,600,000
- Units: 268 & 328
- Square Footage: 268,328
- Address: 1561 Stonehaven Dr & 4101 Mahogany Drive, Boyton Beach
- Market: Boyton Beach
Advenir, the landlord of the property, sought the assistance of Charles Foschini and Chris Apone from Berkadia as their brokers in this refinancing deal.
Players
Boynton Beach 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93