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
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