We Lend LLC Provides Acquisition Loan For 12-Unit Multifamily Property In Fort Lauderdale
2300 Northwest 6th Street, Fort Lauderdale, Florida 33311, United States
$1,172,500
$280/SF
Building Size
4,186 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
The property involved in this transaction is a multifamily asset located at 2300 NW 6th Street in Fort Lauderdale. The property consists of 12 units with a total square footage of 4,186.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,172,500
- Units: 12
- Square Footage: 4,186
- Address: 2300 NW 6th Street
- Market: Fort Lauderdale
The lender for this transaction is We Lend LLC. The loan amount for the acquisition loan is $1,172,500. The broker involved in the deal is Luigi Ferrer. The individuals representing We Lend LLC in this transaction are Ruben Izgelov, Solomon Suleymanov, Moses Suleymanov, and Andrew Schnissel.
If you have any inquiries regarding the loan, please reach out to Solomon Suleymanov at [email protected].
Players
Fort Lauderdale 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
13.53%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93