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Terra's David Martin Secures $187 Million Refinance Loan For Multifamily Property In Miami

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FINANCED
$187,000,000
Keith Kurland
Adam Schwartz
+ 4

Florida

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MultiFamily370,325 SF
Financed 12/31/2024
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Property Image
FINANCED

Terra's David Martin Secures $187 Million Refinance Loan For Multifamily Property In Miami

3825 Northwest 7th Street

See Similar Deals
MultiFamily370,325 SF
Financed 12/31/2024
Keith Kurland
Adam Schwartz
+ 4
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$505
Total Square Footage:370,325 SF
Transaction Type:Loan

The property asset involved in the transaction is a multifamily complex located at 3825 Northwest 7th Street in Miami. This asset encompasses 470 units and offers a total square footage of 370,325. The loan involved in this transaction is a refinance with a total amount of $187,000,000.

Summary of transaction details:

The key individuals involved in the transaction include the lender JVP Management and the landlord, Terra, represented by David Martin. The brokerage team from Walker & Dunlop includes Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Christopher de Raet, and Marlon Robins, who facilitated the refinancing deal for the multifunctional asset.

Players

Aaron Appel
190 deals$31.9B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
165 deals$26.9B volume
BROKER

Keith Kurland
Walker & Dunlop
170 deals$29.1B volume
BROKER

Adam Schwartz
Walker & Dunlop
160 deals$25.4B volume(646) 491-8869
BROKER

Michael Diaz
Walker & Dunlop
37 deals$4.1B volume
BROKER

Christopher de Raet
Walker & Dunlop
23 deals$4.4B volume(240) 328-2590
BROKER

Marlon Robins
Walker & Dunlop
3 deals$344.6M volume
BROKER

JVP Management
LENDER

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, David Martin, Michael Diaz, Marlon Robins & Christopher de Raet DATE: 12/31/2024 ADDRESS: 3825 Northwest 7th Street MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 470 ~ SF: 370,325 LENDER: JVP Management LANDLORD: Terra (@TerraGroupMiami) - David Martin (@DavidMartinTerra) BROKERS: Keith Kurland (@KaKurland), Aaron Appel, Jonathan Schwartz (@JSchwa1386), Adam Schwartz (@AdamSchwartz88), Michael Diaz, Christopher de Raet & Marlon Robins - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $187,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$187,000,000.00

Monthly NOI$1,246,666.67
Monthly Debt Service$1,181,967.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00