PNC Bank Provides $78.2M Loan For Multifamily Property In Pompano Beach
FINANCED
Florida
See Similar DealsMultiFamily
Financed 01/24/2022
FINANCED
PNC Bank Provides $78.2M Loan For Multifamily Property In Pompano Beach
2335 East Atlantic Boulevard, Pompano Beach, Florida 33062, United States
See Similar DealsMultiFamily
Financed 01/24/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$78,200,000.00
Monthly NOI$521,333.33
Monthly Debt Service$494,277.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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