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280 Sierra Drive

YMP Real Estate Management Refinances Miami Multifamily Property With $20.8M Loan From Greystone
FINANCEDMultiFamily

YMP Real Estate Management Refinances Miami Multifamily Property With $20.8M Loan From Greystone

280 Sierra Drive

$20,833,000

Building Size

Asset Type

MultiFamily

Closing

Sep 15, 2022

AI

The multifamily property located at 280 Sierra Drive in Miami, FL has undergone a loan refinancing transaction. The loan, provided by greystone''>Greystone, amounted to $20,833,000. The borrower, represented by YMP Real Estate Management - Moshe Popack as the landlord, sought to refinance the property.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,833,000
  • Lender: Greystone
  • Landlord: YMP Real Estate Management - Moshe Popack

Assisting in this refinancing deal were brokers David Hayum and Sam Katz from the Meridian Capital Group. They played a role in facilitating the transaction on behalf of the borrower, ensuring a successful refinancing process for the multifamily property on Sierra Drive in Miami, FL.

Players

David Hayum

Meridian Capital Group

Broker

$877.7M

vol

21 deals

Broker
Greystone
GreystoneLender

Moshe Popack

YMP Real Estate Management

Landlord

$87.2M

vol

4 deals

Landlord

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93