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4 Federal Highway

Affinius Capital Provides $75 Million Refinance Loan To The Estate Companies For Soleste SeaSide
FINANCEDMultiFamily

Affinius Capital Provides $75 Million Refinance Loan To The Estate Companies For Soleste SeaSide

4 Federal Highway

$75,000,000

$275/SF

Building Size

272,534 SF

Asset Type

MultiFamily

Closing

Nov 21, 2024

AI

The property asset involved in this transaction is Soleste SeaSide, located at 4 Federal Highway in Dania Beach. This multifamily asset encompasses a total square footage of 272,534 and consists of 340 units. The transaction is characterized by a refinance loan amount of $75,000,000.

Summary of transaction details:

This refinance transaction involves multiple key individuals and organizations, including Affinius Capital as the lender. Eric Cohen represented the lender, while The Estate Companies, represented by Robert Suris, Jeff Ardizon, and Ignacio DuQuesne, serves as the landlord. The broker team from Walker & Dunlop consists of Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Tom Melody, and Michael Ianno.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
Affinius Capital
Affinius CapitalLender

Dania 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93