Updated Aug 26, 2026
$6.25 Million Refinance Secured For 37-Unit Multifamily Property In Pompano Beach
20 Northeast 19th Avenue
$6,250,000
$142/SF
Building Size
43,885 SF
Asset Type
MultiFamily
Closing
Aug 7, 2026
About this deal
AI
The property asset involved is a MultiFamily type located at 20 Northeast 19th Avenue in Pompano Beach. It comprises 43,885 square feet and consists of 37 units. The transaction represents a refinance with a loan amount of $6,250,000 and a loan term of 10 years.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $6,250,000
- Address: 20 Northeast 19th Avenue
- Market: Pompano Beach
- Asset Square Footage: 43,885
- Units: 37
- Loan Type: Refinance
- Loan Terms: 10
The key individuals involved in this transaction are Dakota Brown, Ryan Wold, Alexander Gerdak, and Dan Dratch, all of whom are representatives from Franklin Street, facilitating the loan process for the property.
Players
Pompano Beach 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93