Updated Feb 16, 2024
Trez Capital Provides $70M Loan For Multifamily Property On Hollywood Blvd
1818 Hollywood Blvd, Hollywood, FL, USA
$70,000,000
$2,030/SF
Building Size
34,480 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
About this deal
AI
A multifamily property located at 1818 Hollywood Blvd in Hollywood was recently involved in a closed transaction. The property, totaling 1.4 acres, consists of 273 units. The transaction took place on 02/19/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Lender: Trez Capital
- Landlord: Chip R. Abele Jr.
- Units: 273
- Acres: 1.4
Trez Capital provided a loan of $70,000,000 for the transaction. The property's landlord, Chip R. Abele Jr., represented by their broker, was involved in the deal. Additional information regarding this transaction was not provided.
On the Map
$70,000,000
$2,030/SF
MultiFamily
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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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93