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426 Santander Ave, Coral Ga...

Updated Oct 29, 2024

Arbor Realty Trust Provides $7.2M Loan For Multifamily Property On Santander Avenue In Coral Cables
FINANCEDMultiFamily

Arbor Realty Trust Provides $7.2M Loan For Multifamily Property On Santander Avenue In Coral Cables

426 Santander Ave, Coral Gables, FL 33134, USA

$7,200,000

$1,497/SF

Building Size

4,809 SF

Asset Type

MultiFamily

Closing

Aug 26, 2020

About this deal

AI

The multifamily property located at 426 Santander Avenue in Coral Gables has recently undergone a loan transaction. The loan amount for this transaction is $7,200,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $7,200,000
  • Lender: Arbor Realty Trust
  • Landlord: Catalonia Management

Eric Regenbogen from Arbor Realty Trust, Inc. represented the lender in this transaction. For more information, please contact Eric Regenbogen at ☎️516.506.4231 or via email at [email protected].

The multifamily loan at 426 Santander Ave, Coral Gables, FL 33134, USA in Coral Gables, Florida financed for $7.2M in 2020. The building is 4,809 square feet, implying about 1.5K per square foot on the published price. This page is the Coral Gables, Florida file for the 426 Santander Ave, Coral Gables, FL 33134, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Coral Gables sit in the Market section below. Filter that Coral Gables multifamily set by closing date to see what else financed near 426 Santander Ave, Coral Gables, FL 33134, USA around 2020. Published consideration for 426 Santander Ave, Coral Gables, FL 33134, USA is $7.2M, dated 2020. Cite this Arbor Realty Trust Provides $7.2M Loan For Multifamily Property On Santander Avenue In Coral Cables loan when underwriting similar multifamily product around Coral Gables, Florida.

Players

Arbor Realty Trust
Arbor Realty TrustLender

Coral Gables MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $1.5K per square foot on a published $7.2M for 4,809 square feet (2020).

Browse Florida multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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