Hunt Cos., EDEN Multifamily & Florida Value Partners Acquire Multifamily Property In North Miami Beach For $71.3M

The multifamily property located at 2145 NE 164th St in North Miami Beach has been involved in a closed transaction. The property consists of 365 units and is owned by Hunt Cos., EDEN Multifamily, and Florida Value Partners. The lender for this transaction was Hunt Real Estate Capital, represented by James P. Flynn.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $71,300,000
• Lender: Hunt Real Estate Capital – James P. Flynn
• Landlord: Hunt Cos., EDEN Multifamily & Florida Value Partners
• Loan Terms: 11-year, nonrecourse, 3-3.5% fixed rate, 30-year amortization, interest-only
• Units: 365

In this transaction, Hunt Real Estate Capital represented by James P. Flynn acted as the lender. The property's owners, Hunt Cos., EDEN Multifamily, and Florida Value Partners, successfully secured a loan amount of $71,300,000 under favorable 11-year nonrecourse loan terms. The loan has a fixed interest rate of 3-3.5% and a 30-year amortization period with interest-only payments.