Invesca Development Group Secures $94 Million Refinance Loan From Madison Realty Capital For Multifamily Asset
FINANCED
Florida
See Similar DealsMultiFamily400,000 SF
Financed
FINANCED
Invesca Development Group Secures $94 Million Refinance Loan From Madison Realty Capital For Multifamily Asset
4350 Northwest 8th Court
See Similar DealsMultiFamily400,000 SF
Financed
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$235
Total Square Footage:400,000 SF
Transaction Type:Loan
The property involved in this transaction is a multifamily asset located at 4350 Northwest 8th Court in Plantation, featuring 330 units and encompassing 400,000 square feet.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $94,000,000
- Lender: Madison Realty Capital
- Landlord: Invesca Development Group
- Brokers: Jay Miller, Spencer Miller, Aj Felberbaum & Noah Rothman - BayBridge Real Estate Capital
- Loan Type: Refinance
This transaction reflects the collaboration of multiple brokers from BayBridge Real Estate Capital, including Jay Miller, Spencer Miller, Aj Felberbaum, and Noah Rothman, who played a crucial role in facilitating the refinance process for the landlord, Invesca Development Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$94,000,000.00
Monthly NOI$626,666.67
Monthly Debt Service$594,143.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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