Updated May 12, 2025
PNC Bank Provides $78.2M Loan For Multifamily Property In Pompano Beach
2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States
$78,200,000
Units
355
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
Located at 2335 & 2401 E. Atlantic Blvd in Pompano Beach, this multifamily property consists of 355 units. The property was recently involved in a closed transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $78,200,000
- Market: Pompano Beach
- Loan: PNC Bank
- Landlord: Grover Corlew - Anuj Grover
PNC Bank provided a loan amount of $78,200,000 for the acquisition of this property. Anuj Grover of Grover Corlew represented the landlord in the transaction.
The multifamily loan at 2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States in Pompano Beach, Florida financed for $78.2M in 2022. Reported inventory is 355 units across 355 units. Named participants on the 2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States loan are Anuj Grover, Grover Corlew. This page is the Pompano Beach, Florida file for the 2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Pompano Beach sit in the Market section below. Filter that Pompano Beach multifamily set by closing date to see what else financed near 2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States around 2022. Published consideration for 2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States is $78.2M, dated 2022. Cite this PNC Bank Provides $78.2M Loan For Multifamily Property In Pompano Beach loan when underwriting similar multifamily product around Pompano Beach, Florida.
Players
Pompano Beach 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93