Ocean Bank Provides $1.7M Refinance Loan For Oakland Park Multifamily Property

The multifamily property located at 315 NW 32nd St in Oakland Park has been involved in a recent transaction. The property consists of 17 units and covers a total area of 13,600 square feet. The date of the transaction was 06/14/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,725,000
• Loan Type: Refinance
• Loan Terms: 4.25% interest rate, 15-year term, 30-year amortization
• Market: Oakland Park

Ocean Bank provided a loan in the amount of $1,725,000 for the refinance of the property. The loan is subject to an interest rate of 4.25% and has a 15-year term with a 30-year amortization period. Joe Kravich is the landlord of the property. The broker involved in the transaction is Frankie Paparella from Tauro Capital Advisors, representing the buyer or seller.