FinanceMiami Provides $8M Loan For Acquisition Of 24-Unit Multifamily In Fort Lauderdale
FINANCED
$8,000,000
Florida
See Similar DealsMultiFamily25,265 SF
Financed 06/14/2022
FINANCED
FinanceMiami Provides $8M Loan For Acquisition Of 24-Unit Multifamily In Fort Lauderdale
3013 Harbor Drive, Fort Lauderdale, Florida 33316, United States
See Similar DealsMultiFamily25,265 SF
Financed 06/14/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$316
Total Square Footage:25,265 SF
Transaction Type:Loan
A multifamily property located at 3013-3019 Harbor Dr in Fort Lauderdale has recently been involved in a closed transaction. The property consists of 24 units and spans across 25,265 square feet. The deal was facilitated by Emile Schachter and Doug Landry.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 3013-3019 Harbor Dr
- Market: Fort Lauderdale
- Units: 24
- Square Footage: 25,265
The loan for this acquisition was provided by financemiami''>FinanceMiami. The landlords involved in the deal are Wellmeaning Properties & VyV Inmobiliaria, represented by Eduardo Pelaez and Cesar Paniagua. Emile Schachter and Doug Landry, acting as brokers, facilitated the transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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