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AHS Residential Acquires Multifamily Property In Miami Gardens For $52.5M Loan

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FINANCED
$52,500,000

Florida

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MultiFamily1,910 SF
Financed 04/26/2021
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FINANCED

AHS Residential Acquires Multifamily Property In Miami Gardens For $52.5M Loan

2301 Northwest 167th Street, Miami Gardens, FL 33056, USA

See Similar Deals
MultiFamily1,910 SF
Financed 04/26/2021
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$27,486
Total Square Footage:1,910 SF
Transaction Type:Loan

A multifamily property located at 2301 NW 167th St. in Miami Gardens has recently closed a transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $52,500,000
  • Number of Units: 420
  • Acres: 13.1

The lender for this transaction was Bank of America, and the landlord is AHS Residential represented by Ernesto Lopes.

Ernesto Lopes from AHS Residential acted as the representative for the landlord in this transaction.

Players

LENDER

Ernesto Lopes
14 deals$925.1M volume
LANDLORD

Details

FINANCED
IMAGE: Ernesto Lopes DATE: 04/26/2021 ADDRESS: 2301 NW 167th St. MARKET: Miami Gardens ASSET TYPE: Multifamily LENDER: Bank of America LANDLORD: AHS Residential - Ernesto Lopes LOAN AMOUNT: $52,500,000 UNITS: 420 ACRES: 13.1

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$52,500,000.00

Monthly NOI$350,000.00
Monthly Debt Service$331,835.71
Change in Cash Flow$0.00
Refinance Proceeds$0.00