Meir Cohen Acquires 77-Unit Multifamily Property In Hollywood With $6.2M Bridge Loan
FINANCED
$6,200,000
Florida
See Similar DealsMultiFamily33,440 SF
Financed 10/14/2021
FINANCED
Meir Cohen Acquires 77-Unit Multifamily Property In Hollywood With $6.2M Bridge Loan
2639 Lincoln St, Hollywood, FL, USA
See Similar DealsMultiFamily33,440 SF
Financed 10/14/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$185
Total Square Footage:33,440 SF
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 2639 Lincoln St in Hollywood. It has a total square footage of 33,440 and consists of 77 units. The seller in this transaction was Coastline Management Group, while the buyer was Meir Cohen.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Address: 2639 Lincoln St
- Market: Hollywood
- Square Footage: 33,440
- Units: 77
The loan for this transaction was provided by Sheridan Capital under a bridge loan type. The brokers involved in this deal were Noam Temchin from FM Capital, representing the buyer Meir Cohen.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,200,000.00
Monthly NOI$41,333.33
Monthly Debt Service$39,188.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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