Diego Ojeda Of Rilea Group Secures $4.675M Bridge Loan For 324-Unit Multifamily In Port Saint Lucie
FINANCED
$4,675,000
Florida
See Similar DealsMultiFamily958,320 SF
Financed 06/27/2024
FINANCED
Diego Ojeda Of Rilea Group Secures $4.675M Bridge Loan For 324-Unit Multifamily In Port Saint Lucie
3045 Southwest Port Saint Lucie Boulevard
See Similar DealsMultiFamily958,320 SF
Financed 06/27/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$4
Total Square Footage:958,320 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 3045 Southwest Port Saint Lucie Boulevard in Port Saint Lucie. The property consists of 324 units and encompasses a total square footage of 958,320. The loan amount for this transaction is $4,675,000, secured through a bridge loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,675,000
- Asset Address: 3045 Southwest Port Saint Lucie Boulevard
- Market: Port Saint Lucie
- Units: 324
- Square Footage: 958,320
- Lender: Altamar Financial Group
- Landlord: Diego Ojeda - Rilea Group & Ciprés
- Brokers: Javier Herrera & Nick Sumpter - Franklin Street
- Loan Type: Bridge Loan
This transaction involved key individuals and companies. The landlords are Diego Ojeda of Rilea Group and Ciprés, while the representatives for the brokerage are Javier Herrera and Nick Sumpter from Franklin Street.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,675,000.00
Monthly NOI$31,166.67
Monthly Debt Service$29,549.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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