Updated Sep 9, 2024
FinanceMiami Provides $8M Loan For Acquisition Of 24-Unit Multifamily In Fort Lauderdale
3013 Harbor Drive, Fort Lauderdale, Florida 33316, United States
$8,000,000
$316/SF
Building Size
25,265 SF
Asset Type
MultiFamily
Closing
Jun 13, 2022
About this deal
AI
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.
On the Map
$8,000,000
$316/SF
MultiFamily
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Players
Fort Lauderdale 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93