Freddie Mac Optigo Provides $5.1M Supplemental Loan For Park Partners Residential's Davie Multifamily Property
FINANCED
$5,110,000
Florida
See Similar DealsMultiFamily356,053 SF
Financed 04/21/2022
FINANCED
Freddie Mac Optigo Provides $5.1M Supplemental Loan For Park Partners Residential's Davie Multifamily Property
3400 Davie Road, Davie, Florida 33314, United States
See Similar DealsMultiFamily356,053 SF
Financed 04/21/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$14
Total Square Footage:356,053 SF
Transaction Type:Loan
A seven-year, fixed-rate loan has been secured for a multifamily property located at 3400 Davie Rd in Davie. The property, consisting of 260 units, has obtained $5,110,000 in supplemental financing from Freddie Mac Optigo℠. The loan was facilitated by Elliott Throne & Kenny Cutler of JLL Capital Markets on behalf of Park Partners Residential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,110,000
- Date: 04/21/2022
- Address: 3400 Davie Rd
- Market: Davie
Elliott Throne & Kenny Cutler, representing JLL Capital Markets, played a pivotal role as brokers in this deal, assisting in securing the loan for the property located in Davie.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,110,000.00
Monthly NOI$34,066.67
Monthly Debt Service$32,298.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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