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Trez Capital Provides $70M Loan For Multifamily Property On Hollywood Blvd

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FINANCED
$70,000,000

Florida

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MultiFamily34,480 SF
Financed 02/19/2021
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Property Image
FINANCED

Trez Capital Provides $70M Loan For Multifamily Property On Hollywood Blvd

1818 Hollywood Blvd, Hollywood, FL, USA

See Similar Deals
MultiFamily34,480 SF
Financed 02/19/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$2,030
Total Square Footage:34,480 SF
Transaction Type:Loan

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.

Players

Trez Capital
Trez Capital
LENDER

Details

FINANCED
IMAGE: Morley Greene DATE: 02/19/2021 ADDRESS: 1818 Hollywood Blvd MARKET: Hollywood ASSET TYPE: Multifamily LENDER: Trez Capital LANDLORD: Chip R. Abele Jr. LOAN AMOUNT: $70,000,000 UNITS: 273 ~ ACRES: 1.4

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$70,000,000.00

Monthly NOI$466,666.67
Monthly Debt Service$442,447.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00