Updated Oct 29, 2024
Trez Forman Capital Provides $20.7M Loan For Miami Apartment Building
3034 Oak Avenue, Miami, FL, USA
$20,700,000
$565/SF
Building Size
36,600 SF
Asset Type
MultiFamily
Closing
Mar 21, 2019
About this deal
AI
An apartment building located at 3034 Oak Avenue in Miami was recently involved in a loan transaction. The loan was provided by Trez Forman Capital, with Brett Forman as the representative. The loan amount was $20,700,000. The apartment building consists of 48 units and has a total square footage of 36,600.
Summary of transaction details
- Property Type: Apartment building
- Transaction Amount: $20,700,000
- Address: 3034 Oak Avenue, Miami
- Lender: Trez Forman Capital - Brett Forman
- Landlord: 3034 Oak Park LLC
- Units: 48
- Square Footage: 36,600
Brett Forman, representing Trez Forman Capital, played a key role in facilitating the loan transaction for the apartment building located at 3034 Oak Avenue in Miami. The landlord of the property is 3034 Oak Park LLC.
Players
Miami 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93