David Lynd Of The Lynd Group Secures $34.5M Refinance From A10 Capital For Multifamily Asset
17600 Northwest 5th Avenue
$34,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 24, 2026
AI
The asset involved in this transaction is a multifamily property known as Parc Place Apartments, located at 17600 Northwest 5th Avenue in Miami Gardens. The property comprises 234 rental units and is currently undergoing renovations to enhance its facilities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,500,000
- Lender: A10 Capital
- Landlord: David Lynd - The Lynd Group
- Loan Type: Refinance
- Market: Miami Gardens
- Units: 234
The refinancing secured by The Lynd Group from A10 Capital will support ongoing improvements within the community, aimed at upgrading individual units and enhancing common areas to facilitate rent growth. The property is strategically located near significant event and employment centers in Miami.
Players
Miami 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93