Updated Oct 29, 2024
Pulso Capital Acquires Multi Family Property In Pompano Beach With $14M Loan From Steeprock
4091 West Palm Aire Drive
$14,000,000
Units
39
Asset Type
MultiFamily
Closing
Jan 9, 2022
About this deal
AI
The multi-family property located at 4091 West Palm Aire Drive in Pompano Beach has been involved in a recent transaction. The property consists of 39 units and was the subject of an acquisition loan.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $14,000,000
- Loan Type: Acquisition
- Loan Terms: Fixed-rate, five-year loan at a 65 percent LTV, with full term interest only
The loan for this property was provided by Steeprock. The landlord in this transaction is Pulso Capital. The deal was facilitated by a team of brokers representing Berkadia, including Mitch Sinberg, Matt Robbins, Brad Williamson, Scott Wadler, and Michael Basinski.
These key individuals and companies played vital roles in the transaction, ensuring its successful completion.
Players
Pompano 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93