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:
- Property Type: Multifamily
- Transaction Amount: $75,000,000
- Lender: Affinius Capital
- Lender Representative: Eric Cohen
- Landlord: The Estate Companies
- Landlord Representatives: Robert Suris, Jeff Ardizon, Ignacio DuQuesne
- Brokers: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Tom Melody, Michael Ianno
- Broker Agency: Walker & Dunlop
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
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