Arbor Realty Trust Provides $7.2M Loan For Multifamily Property On Santander Avenue In Coral Cables
FINANCED
$7,200,000
Florida
See Similar DealsMultiFamily4,809 SF
Financed 08/27/2020
FINANCED
Arbor Realty Trust Provides $7.2M Loan For Multifamily Property On Santander Avenue In Coral Cables
426 Santander Ave, Coral Gables, FL 33134, USA
See Similar DealsMultiFamily4,809 SF
Financed 08/27/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,497
Total Square Footage:4,809 SF
Transaction Type:Loan
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].
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,200,000.00
Monthly NOI$48,000.00
Monthly Debt Service$45,508.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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