Madison Realty Capital Provides $71M Construction Loan For Pompano Beach Multifamily
FINANCED
$71,000,000
+ 1
Florida
See Similar DealsMultiFamily260,000 SF
Financed
FINANCED
Madison Realty Capital Provides $71M Construction Loan For Pompano Beach Multifamily
1621 South Dixie Highway
See Similar DealsMultiFamily260,000 SF
Financed
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$273
Total Square Footage:260,000 SF
Transaction Type:Loan
The Multifamily property located at 1621 South Dixie Highway in Pompano Beach spans 260,000 square feet, comprising 228 units. The deal involved a Construction Loan valued at $71,000,000, with Madison Realty Capital providing the financing. The landlord of the property is MAG Real Estate, situated in the vibrant Pompano Beach market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $71,000,000
- Units: 228
- Square Footage: 260,000
- Address: 1621 South Dixie Highway
- Market: Pompano Beach
- Lender: Madison Realty Capital
- Landlord: MAG Real Estate
- Brokers: Aj Felberbaum, Jay Miller, Spencer Miller & Noah Rothman - BayBridge Real Estate Capital
The brokerage in this transaction was handled by Aj Felberbaum, Jay Miller, Spencer Miller, and Noah Rothman from BayBridge Real Estate Capital, representing the parties involved in securing the Construction Loan for the multifamily property.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$71,000,000.00
Monthly NOI$473,333.33
Monthly Debt Service$448,768.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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