Updated Oct 29, 2024
INB Bank Provides $3.6M Refinance Loan For 228 NW 7th Avenue Multifamily In Miami
228 Nw 7th Ave Miami, Fl 33128, Usa
$3,600,000
$360/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Apr 21, 2023
About this deal
AI
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.
The multifamily loan at 228 Nw 7th Ave Miami, Fl 33128, Usa in Miami, Florida financed for $3.6M in 2023. The building is 10,000 square feet, implying about 360 per square foot on the published price. Emile Schachter, WD Capital Group appear on the loan alongside WD Capital Group. This page is the Miami, Florida file for the 228 Nw 7th Ave Miami, Fl 33128, Usa multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else financed near 228 Nw 7th Ave Miami, Fl 33128, Usa around 2023. Published consideration for 228 Nw 7th Ave Miami, Fl 33128, Usa is $3.6M, dated 2023. Cite this INB Bank Provides $3.6M Refinance Loan For 228 NW 7th Avenue Multifamily In Miami loan when underwriting similar multifamily product around Miami, Florida.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93