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3034 Juniper Way

Berkadia Secures $17.25M Acquisition Loan For 47-Unit Multifamily In Naples
FINANCEDMultiFamily

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:

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

Brad Williamson

Berkadia

Broker

$7B

vol

111 deals

Broker

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