IceCap Group Provides $7.1M Loan For Multifamily Acquisition In Dania Beach

A multifamily property located at 25 SW 5th St in Dania Beach, FL has been recently sold. The property consists of 64 units and is situated in a desirable market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,100,460
• Address: 25 SW 5th St, Dania Beach, FL
• Market: Dania Beach
• Units: 64

The lender for this acquisition was ICECap Group, represented by Joey Bekar, Ezra Dweck, Joe Oved, and Mordi Lati. The loan amount provided was $7,100,460 with a loan-to-cost (LTC) ratio of 90%. The loan terms were set for an 18-month term.

The landlord of the property is Skyland Management. The broker for this transaction was Mordi Lati from IceCap Group.

ICECap Group, a leading institutionally managed private money lender in the Northeast, funded over $1.5B in loans to date. They specialize in providing financing for the purchase, renovation, construction, and refinance of various types of real estate, including SFR, 2-4 unit, multifamily, and mixed-use properties nationwide. Mordi Lati, a real estate loan originator at ICECap Group, can be contacted for any financing needs or upcoming deals in Miami-Dade County and surrounding areas.

Note from the lender: The ICECap Group team, including Ezra Dweck, Joey Bekar, Eitan Feuer, and others, takes pride in successfully closing this 64-unit purchase transaction in sunny Dania Beach, FL with ease and speed.