S3 Capital Provides $2.45M Construction Loan For East Little Havana Multifamily
FINANCED
$2,450,000
Florida
See Similar DealsMultiFamily5,000 SF
Financed 09/24/2021
FINANCED
S3 Capital Provides $2.45M Construction Loan For East Little Havana Multifamily
228 Northwest 7th Avenue, Miami, FL 33128
See Similar DealsMultiFamily5,000 SF
Financed 09/24/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$490
Total Square Footage:5,000 SF
Transaction Type:Loan
Located at 228 NW 7th Ave in East Little Havana, Miami, this multifamily property is a noteworthy investment. With a size of approximately 5,000 square feet, this property consists of 12 units, making it an attractive asset in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Market: East Little Havana, Miami
- Loan Amount: $2,450,000
- Loan Type: Construction
- Landlord: Propolis - Misha Gurevich
- Broker: Eric Gleitman - Mercury Capital Markets
The financing for this transaction was provided by S3 Capital, a trusted lender in the industry. Representing the landlord, Propolis, is Misha Gurevich. Eric Gleitman from Mercury Capital Markets acted as the broker in this deal, bringing the parties together and facilitating a successful transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,450,000.00
Monthly NOI$16,333.33
Monthly Debt Service$15,485.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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