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2300 Northwest 6th Street, ...

We Lend LLC Provides Acquisition Loan For 12-Unit Multifamily Property In Fort Lauderdale
FINANCEDMultiFamily

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

Luigi Ferrer

Broker

$7.9M

vol

5 deals

Broker
Andrew Schnissel

Andrew Schnissel

We Lend

Lender

$20.9M

vol

7 deals

Lender
We Lend
We LendLender
We Lend
We LendLender

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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