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U.S. Bank Funds $60.2M Loan For Multifamily Property In Palm Beach Gardens

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FINANCED
$60,200,000

Florida

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MultiFamily67,203 SF
Financed 07/15/2020
the dealdetailscomps
Property Image
FINANCED

U.S. Bank Funds $60.2M Loan For Multifamily Property In Palm Beach Gardens

4045 Central Gardens Way

See Similar Deals
MultiFamily67,203 SF
Financed 07/15/2020
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$895
Total Square Footage:67,203 SF
Transaction Type:Loan

Located at 4045 Central Gardens Way in Palm Beach Gardens, this multifamily property recently underwent a closed transaction. The property is owned by Olen Properties, represented by Natalia Ostensen. The transaction took place on July 15, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $60,200,000
  • Address: 4045 Central Gardens Way, Palm Beach Gardens
  • Market: Palm Beach Gardens
  • Loan Amount: $60,200,000
  • Landlord: Olen Properties - Natalia Ostensen

The property consists of 224 units with a total square footage of 67,203. The loan for this transaction was provided by U.S. Bank National Association.

Details

FINANCED
IMAGE: Natalia Ostensen DATE: 07/15/2021 ADDRESS: 4045 Central Gardens Way MARKET: Palm Beach Gardens ASSET TYPE: Multifamily LENDER: U.S. Bank National Association LANDLORD: Olen Properties - Natalia Ostensen LOAN AMOUNT: $60,200,000 UNITS: 224 SF: 67,203

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,200,000.00

Monthly NOI$401,333.33
Monthly Debt Service$380,504.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00