Churchill Real Estate Partners Provides $43M Construction Loan For Hollywood Multifamily Property
1809 Jackson Street, Hollywood, Florida 33020, United States
$43,000,000
$141/SF
Building Size
305,000 SF
Asset Type
MultiFamily
Closing
Mar 24, 2022
AI
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
Hollywood 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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93