facebook
Traded Co logo
Submit

Trammell Crow Residential Secures $72.1M Construction Loan For Miami Multifamily

Property Image
FINANCED
$72,100,000

Florida

See Similar Deals
MultiFamily
Financed 05/01/2023
the dealdetailscomps
Property Image
FINANCED

Trammell Crow Residential Secures $72.1M Construction Loan For Miami Multifamily

2850 Southwest 71st Avenue, Miami, Florida 33155, United States

See Similar Deals
MultiFamily
Financed 05/01/2023
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

The multifamily property located at 2850 SW 71st Ave & 2811 SW 70th Avenue in Miami has been involved in a recent closed transaction. This property spans over 8.68 acres and consists of 324 units.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $72,100,000
  • Loan Type: Construction Loan

The lender for this transaction was Comerica Bank. Trammell Crow Residential, represented by Kenneth Vallach, acted as the landlord in this deal.

Note: No additional information is available about this transaction.

Details

FINANCED
IMAGE: Kenneth Vallach DATE: 01/05/2023 ADDRESS: 2850 SW 71st Ave & 2811 SW 70th Avenue MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 324 ~ ACRES: 8.68 LENDER: Comerica Bank (@Comerica_Bank) LANDLORD: Trammell Crow Residential - Kenneth Vallach LOAN AMOUNT: $72,100,000 LOAN TYPE: Construction Loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,100,000.00

Monthly NOI$480,666.67
Monthly Debt Service$455,721.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00