ROVR Development Secures $95M Loan From PNC Bank For Downtown Miami Multifamily Property
FINANCED
$95,000,000
Florida
See Similar DealsMultiFamily
Financed 07/15/2022
FINANCED
ROVR Development Secures $95M Loan From PNC Bank For Downtown Miami Multifamily Property
240 North Miami Avenue, Miami, Florida 33128, United States
See Similar DealsMultiFamily
Financed 07/15/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
Oscar Rodriguez has secured a loan for a multifamily property in Downtown Miami. The property, located at 240 North Miami Avenue, consists of 300 units. The loan, provided by PNC Bank, amounts to $95,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Address: 240 North Miami Avenue
- Market: Downtown Miami
- Units: 300
- Lender: PNC Bank
- Landlord: ROVR Development - Oscar Rodriguez
Oscar Rodriguez, representing ROVR Development, successfully secured the loan from PNC Bank for the acquisition of the multifamily property in Downtown Miami. This transaction marks a significant investment opportunity in the thriving market of Downtown Miami.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$95,000,000.00
Monthly NOI$633,333.33
Monthly Debt Service$600,464.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions