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
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].
Players
Coral Gables 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93