Updated Oct 29, 2024
RAM Acquires Multifamily Asset In Boca Raton For $6.8M
329 West Camino Real, Boca Raton, FL, USA
$6,800,000
Units
52
Asset Type
MultiFamily
Closing
Jun 7, 2020
About this deal
AI
The property involved in the transaction is a multifamily asset located at 329 West Camino Real, 14th & 15th Street in Boca Raton. The property is owned by Rental Asset Management (RAM) and was recently involved in a closed transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Date: 06/08/2020
- Address: 329 West Camino Real, 14th & 15th Street, Boca Raton
- Market: Boca Raton
- Loan Amount: $6,800,000
- Loan Terms: 3-year, fixed-rate
- Units: 52
- Landlord: Rental Asset Management (RAM)
- Brokers: Mitch Sinberg & Matthew Robbins - Berkadia
The loan amount for this transaction was $6,800,000, with a loan term of 3 years and a fixed interest rate. The property consists of 52 units and is located at 329 West Camino Real, 14th & 15th Street, in the market of Boca Raton. The landlord of the property is Rental Asset Management (RAM), and the brokers involved in the deal were Mitch Sinberg and Matthew Robbins from Berkadia.
Players
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Mitch Sinberg to view all their deals.
Browse Florida multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93