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

Property Image
FINANCED
$75,000,000
Michael Ianno
Keith Kurland
+ 3

Florida

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MultiFamily272,534 SF
Financed 11/21/2024
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Property Image
FINANCED

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

4 Federal Highway

See Similar Deals
MultiFamily272,534 SF
Financed 11/21/2024
Michael Ianno
Keith Kurland
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$275
Total Square Footage:272,534 SF
Transaction Type:Loan

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
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 Ianno
Walker & Dunlop
51 deals$6B volume
BROKER

Tom Melody
Walker & Dunlop
2 deals$143M volume(713) 456-7390
BROKER

Affinius Capital
LENDER

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Robert Suris, Michael Ianno, Jeff Ardizon, Tom Melody, Ignacio DuQuesne & Eric Cohen DATE: 11/21/2024 ADDRESS: Soleste SeaSide - 4 Federal Highway MARKET: Dania Beach ASSET TYPE: Multifamily ~ SF: 272,534 ~ UNITS: 340 LENDER: Affinius Capital - Eric Cohen LANDLORD: The Estate Companies (@TheEstateCompanies) - Robert Suris, Jeff Ardizon & Ignacio DuQuesne BROKERS: Aaron Appel, Jonathan Schwartz (@JSchwa1386), Adam Schwartz (@AdamSchwartz88), Keith Kurland (@KaKurland), Tom Melody & Michael Ianno (@Mianno20) - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $75,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$75,000,000.00

Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00