Diego Ojeda Of Rilea Group Secures $4.675M Bridge Loan For 324-Unit Multifamily In Port Saint Lucie
3045 Southwest Port Saint Lucie Boulevard
$4,675,000
$4/SF
Building Size
958,320 SF
Asset Type
MultiFamily
Closing
Jun 27, 2024
AI
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
Port Saint Lucie 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
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93