Updated Mar 11, 2025
Bravo Capital Provides $21M Bridge Loan For Multifamily Property Acquisition In Daytona Beach
1756 South Clyde Morris Boulevard, Daytona Beach, Florida 32119, United States
$21,000,000
Units
108
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
A bridge loan has been secured for a multifamily property located at 1756 South Clyde Morris Boulevard in Daytona Beach. The property consists of 108 units and is owned by Starka Properties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 1756 South Clyde Morris Boulevard, Daytona Beach
- Market: Daytona Beach
- Units: 108
The lender for this loan is Bravo Capital, represented by Aaron Krawitz. The loan, in the form of a bridge loan, amounts to $21,000,000.
Players
Daytona 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93