U.S. Bank Funds $60.2M Loan For Multifamily Property In Palm Beach Gardens
4045 Central Gardens Way
$60,200,000
$895/SF
Building Size
67,203 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
AI
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.
Players
Palm Beach Gardens 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93