Berkadia Secures $17.25M Acquisition Loan For 47-Unit Multifamily In Naples
3034 Juniper Way
$17,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 12, 2024
AI
The multifamily property located at 3034 Juniper Way in Naples consists of 47 units. The acquisition loan for this property was provided by Banesco, totaling $17,250,000. The owner of this asset is Shoreham Capital. The transaction was facilitated by brokers Mitch Sinberg, Scott Wadler, Matthew Nihan, Matthew Robbins, and Brad Williamson from Berkadia.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,250,000
- Address: 3034 Juniper Way
- Market: Naples
- Asset Type: Multifamily
- Units: 47
- Lender: Banesco
- Owner: Shoreham Capital
- Brokers: Mitch Sinberg, Scott Wadler, Matthew Nihan, Matthew Robbins & Brad Williamson - Berkadia
The key individuals involved in this transaction are Scott Wadler, Matthew Robbins, Matthew Nihan, Mitch Sinberg, and Brad Williamson, representing Berkadia in the deal. They played a crucial role in facilitating the acquisition loan for the multifamily property in Naples.
Players
Naples 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93