INB Bank Provides $3.6M Refinance Loan For 228 NW 7th Avenue Multifamily In Miami
FINANCED
$3,600,000
Florida
See Similar DealsMultiFamily10,000 SF
Financed 04/21/2023
FINANCED
INB Bank Provides $3.6M Refinance Loan For 228 NW 7th Avenue Multifamily In Miami
228 Nw 7th Ave Miami, Fl 33128, Usa
See Similar DealsMultiFamily10,000 SF
Financed 04/21/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$360
Total Square Footage:10,000 SF
Transaction Type:Loan
The multifamily property located at 228 NW 7th Avenue in Miami has recently undergone a refinance loan transaction. The property spans approximately 10,000 square feet and is owned by The Propolis, represented by Misha Gurevich.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Loan Type: Refinance
The lender for this transaction was INB Bank. WD Capital Group, represented by Emile Schachter, acted as the broker in the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,600,000.00
Monthly NOI$24,000.00
Monthly Debt Service$22,754.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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