Integra Investments Acquires Multifamily Property In Hallandale Beach For $67.6M
401 North Federal Highway, Hallandale Beach, FL, USA
$67,600,000
$5,378/SF
Building Size
12,569 SF
Asset Type
MultiFamily
Closing
Dec 10, 2019
AI
Integra Investments, led by Victor Ballestas, has secured a loan of $67.6 million from Hunt Real Estate Capital for the acquisition of a multifamily property located at 401 North Federal Highway in Hallandale Beach. The property features a total of 358 units and is situated in a vibrant market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $67,600,000
- Loan Lender: Hunt Real Estate Capital
- Landlord: Integra Investments - Victor Ballestas
- Address: 401 North Federal Highway
- Market: Hallandale Beach
- Units: 358
Under the guidance of Victor Ballestas, Integra Investments successfully secured the loan from Hunt Real Estate Capital to facilitate the acquisition of the multifamily property. This strategic move allows Integra Investments to strengthen its position in the Hallandale Beach market and capitalize on the potential of the 358-unit property.
Hallandale Beach 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93