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
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.
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