Updated Oct 29, 2024
PNC Bank Provides $30.8M Loan For Multifamily Property In Cooper City
2601 Solano Avenue, Cooper City, FL, USA
$30,800,000
$114/SF
Building Size
269,626 SF
Asset Type
MultiFamily
Closing
Jun 9, 2020
About this deal
AI
The multifamily property located at 2601 Solano Ave in Cooper City was involved in a recent transaction. The property, owned by CC Residential, with Andy Burnham, Armando Codina & James Carr as landlords, underwent a loan process.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $30,800,000
- Address: 2601 Solano Ave, Cooper City
- Market: Cooper City
PNC Bank provided a loan of $30,800,000 for this multifamily property, consisting of 175 units. The deal involved CC Residential, represented by their brokers Andy Burnham, Armando Codina, and James Carr.
On the Map
$30,800,000
$114/SF
MultiFamily
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Players
Pembroke Pines 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93