ACORE Capital & Dekel Capital Provide $47.5M Loan For Miami Apartment Community
FINANCED
$47,500,000
Florida
See Similar DealsMultiFamily290,000 SF
Financed 04/16/2019
FINANCED
ACORE Capital & Dekel Capital Provide $47.5M Loan For Miami Apartment Community
1662 Celebration Boulevard, Celebration, FL, USA
See Similar DealsMultiFamily290,000 SF
Financed 04/16/2019
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$163
Total Square Footage:290,000 SF
Transaction Type:Loan
An apartment community located at 1662 Celebration Boulevard in Miami's Celebration market has been involved in a recent transaction. The property, consisting of 306 units, attracted attention from various parties in the real estate industry.
Summary of transaction details:
- Property Type: Apartment community
- Transaction Amount: $47,500,000
- Address: 1662 Celebration Boulevard
- Market: Celebration
- City: Miami
The loan for this transaction was provided by ACORE Capital and Dekel Capital, represented by Shlomi Ronen. CGI Strategies, led by Gidi Cohen, acted as the landlord in the deal. The brokers involved in this transaction were Shelton Granade Jr. and Luke Wickham, who represented the buyers and sellers as part of CBRE.
Players
BROKERAGE
LENDER
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,500,000.00
Monthly NOI$316,666.67
Monthly Debt Service$300,232.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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