Updated Mar 11, 2025
Benefit Street Partners Provides $27.55M Loan For Multifamily Property On Fontainebleau Blvd In Hollywood
275 Fontainebleau Blvd, Miami, FL 33172, USA
$27,550,000
$1/SF
Building Size
27,550,000 SF
Asset Type
MultiFamily
Closing
Sep 13, 2020
About this deal
AI
Benefit Street Partners has provided a loan of $27,550,000 for the acquisition of a multifamily property located at 275 Fontainebleau Blvd in Hollywood. The property consists of 133 units and is owned by Marlon Gomez. The deal was facilitated by brokers Aaron Kurlansky and Daniel Kaweblum.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,550,000
- Address: 275 Fontainebleau Blvd
- Market: Hollywood
Aaron Kurlansky and Daniel Kaweblum represented the buyer and seller in the transaction, respectively. The loan provided by Benefit Street Partners will enable the acquisition of this multifamily property, which features 133 units.
On the Map
$27,550,000
$1/SF
MultiFamily
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Miami 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
0.58%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93