Breevast U.S. Secures $85 Million Acquisition Loan For 266-Unit Multifamily Property In Aventura
19401 West Dixie Highway
$85,000,000
$190/SF
Building Size
445,250 SF
Asset Type
MultiFamily
Closing
May 12, 2026
AI
The property asset involved in the transaction is located at 19401 West Dixie Highway in Aventura. It is a multifamily asset with a total of 266 units and encompasses a substantial area of 445,250 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Loan Type: Acquisition
- Lender: Benjamin Schwartz & Max Altman - BDT & MSD Partners
- Landlord: Breevast U.S. - Laurence Zweegers
- Broker: Andrew Gurewitsch
The key individuals involved in the deal include Benjamin Schwartz and Max Altman, who are representing the lenders, BDT & MSD Partners. Laurence Zweegers is the representative for the landlord, Breevast U.S., while Andrew Gurewitsch acted as the broker in this transaction.
Players
Miami 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93