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

Property Image
FINANCED
$20,833,000
David Hayum

Florida

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MultiFamily
Financed 09/15/2022
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Property Image
FINANCED

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

280 Sierra Drive

See Similar Deals
MultiFamily
Financed 09/15/2022
David Hayum
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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
21 deals$877.7M volume
BROKER

Samuel (Sam) Katz
Meridian Capital Group
6 deals$123.1M volume
BROKER

Greystone
LENDER

Details

FINANCED
IMAGE: David Hayum, Sam Katz, Moshe Popack & Jared Kaufman DATE: 09/15/2022 ADDRESS: 280 Sierra Drive MARKET: Miami, FL ASSET TYPE: Multifamily LENDER: Greystone LANDLORD: YMP Real Estate Management - Moshe Popack BROKERS: David Hayum & Sam Katz – Meridian Capital Group LOAN AMOUNT: $20,833,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,833,000.00

Monthly NOI$138,886.67
Monthly Debt Service$131,678.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00