Churchill Real Estate Partners Provides $43M Construction Loan For Hollywood Multifamily Property
FINANCED
$43,000,000
+ 3
Florida
See Similar DealsMultiFamily305,000 SF
Financed 03/25/2022
FINANCED
Churchill Real Estate Partners Provides $43M Construction Loan For Hollywood Multifamily Property
1809 Jackson Street, Hollywood, Florida 33020, United States
See Similar DealsMultiFamily305,000 SF
Financed 03/25/2022
+ 3
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$141
Total Square Footage:305,000 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 1809 Jackson St in Hollywood. It comprises 204 units with a total square footage of 305,000. The deal took place on 03/25/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,000,000
- Market: Hollywood
- Address: 1809 Jackson St
- Units: 204
- Square Footage: 305,000
The loan for this transaction was provided by Churchill Real Estate Partners, with Sean Robertson and Jeff Rosenfeld representing the lender. The loan amount was $43,000,000, and it was categorized as a construction loan. Cooper Horowitz, represented by Michael Horowitz, Zachary Fox, Jordan Horowitz, and Brandon Fox, acted as the brokers in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,000,000.00
Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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