Updated Oct 28, 2024
Greystone Provides $20M Loan For Multifamily Property In Hialeah
18255 Northwest 73rd Avenue, Hialeah, Florida 33015, United States
$20,000,000
$891/SF
Building Size
22,435 SF
Asset Type
MultiFamily
Closing
May 25, 2022
About this deal
AI
The multifamily property located at 18255 NW 73rd Ave in Hialeah has recently undergone a closed loan transaction. The property consists of 216 units and is owned by Lewis Swezy of Centennial Management.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 18255 NW 73rd Ave, Hialeah
- Market: Hialeah
- Lender: greystone''>Greystone - Eric Rosenstock
- Landlord: Lewis Swezy - Centennial Management
The loan provided for this transaction was $20,000,000 and offered favorable terms, including a 35-year term and a low, fixed rate. Greystone, represented by Eric Rosenstock, served as the lender for this deal. Lewis Swezy, the landlord and owner of Centennial Management, facilitated the transaction.
On the Map
$20,000,000
$891/SF
MultiFamily
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Players
Hialeah 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93