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3013 Harbor Drive, Fort Lau...

FinanceMiami Provides $8M Loan For Acquisition Of 24-Unit Multifamily In Fort Lauderdale
FINANCEDMultiFamily

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

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.

Players

Doug Landry

LandUP Capital

Broker

$214.7M

vol

20 deals

Broker
FinanceBoston
FinanceBostonBrokerage
FinanceMiami
FinanceMiamiLender

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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