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Loan · MultiFamily

Isaac Antar Of Express Capital Financing Provides $1.05M Refinance Loan For Multifamily In Daytona Beach
FINANCEDMultiFamily

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

Express Capital Financing
Express Capital FinancingOriginator

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