Updated Sep 11, 2026
Grandbridge Real Estate Capital Provides $37.5M Acquisition Loan For Boynton Beach Multifamily Property
3609 High Ridge Rd
$37,500,000
$194/SF
Building Size
193,075 SF
Asset Type
MultiFamily
Closing
Sep 8, 2022
About this deal
AI
The multifamily property located at 3609 High Ridge Rd in Boynton Beach has recently been involved in a loan transaction. The property consists of 184 units with a total square footage of 193,075.
Summary of transaction details
- Property Type: Multifamily
- Address: 3609 High Ridge Rd
- Market: Boynton Beach
- Units: 184
- Square Footage: 193,075
The lender for this loan transaction was Grandbridge Real Estate Capital, represented by David Gahagan and Christopher Hammel. The loan amount for the acquisition was $37,500,000. The loan terms included an 11-year term with the first 3 years being interest only.
Yuksel, Inc, represented by Gary Burchard, was the landlord involved in this transaction.
On the Map
$37,500,000
$194/SF
MultiFamily
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Players
Market 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93