Updated Oct 29, 2024
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
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