Demian Perelmuter Of F/Advance Capital Secures $9.625 Million Loan For 3200 Haverhill Road Multifamily
3200 Haverhill Road
$9,625,000
$125/SF
Building Size
76,800 SF
Asset Type
MultiFamily
Closing
Nov 21, 2024
AI
The property asset involved in the transaction is a multifamily building located at 3200 Haverhill Road in the West Palm Beach market. This asset spans a total square footage of 76,800 and consists of 60 residential units, with an acquisition loan amounting to $9,625,000 facilitated by RWC Lending.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,625,000
- Address: 3200 Haverhill Road
- Market: West Palm Beach
- Square Footage: 76,800
- Units: 60
- Lender: RWC Lending
- Landlord: F/Advance Capital - Demian Perelmuter
- Brokers: Rebecca VanReken, Wesley Moczul & Edmund Aramayo - Berkadia
The deal was represented by brokers Rebecca VanReken, Wesley Moczul, and Edmund Aramayo from Berkadia, who facilitated the transaction on behalf of their client, the landlord, F/Advance Capital under the representation of Demian Perelmuter.
Players
West Palm Beach 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93