Isaac Antar Of Express Capital Financing Provides $1.05M Refinance Loan For Multifamily In Daytona Beach
$1,049,700
$177/SF
Building Size
5,928 SF
Asset Type
MultiFamily
Closing
Jun 11, 2025
AI
The asset involved in this transaction is a multifamily property located in Daytona Beach, consisting of 8 units and offering a total square footage of 5,928. The loan amount secured for this property is $1,049,700 as part of a refinance loan type with a 30-year fixed term.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,049,700
- Market: Daytona Beach
- Lender: Isaac Antar - Express Capital Financing
- Loan Type: Refinance
- Loan Terms: 30 year fixed
- Units: 8
- Square Footage: 5,928
The borrower benefited from refinancing, successfully exiting a short-term bridge loan and securing a longer-term financing solution at a lower interest rate. This strategic move allows for the reinvestment of cash pulled from the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93