Benefit Street Partners Provides $27.55M Loan For Multifamily Property On Fontainebleau Blvd In Hollywood
FINANCED
$27,550,000
+ 1
Florida
See Similar DealsMultiFamily27,550,000 SF
Financed 09/14/2020
FINANCED
Benefit Street Partners Provides $27.55M Loan For Multifamily Property On Fontainebleau Blvd In Hollywood
275 Fontainebleau Blvd, Miami, FL 33172, USA
See Similar DealsMultiFamily27,550,000 SF
Financed 09/14/2020
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1
Total Square Footage:27,550,000 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$27,550,000.00
Monthly NOI$183,666.67
Monthly Debt Service$174,134.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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