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4350 Northwest 8th Court

Invesca Development Group Secures $94 Million Refinance Loan From Madison Realty Capital For Multifamily Asset
FINANCEDMultiFamily

Invesca Development Group Secures $94 Million Refinance Loan From Madison Realty Capital For Multifamily Asset

4350 Northwest 8th Court

$94,000,000

$235/SF

Building Size

400,000 SF

Asset Type

MultiFamily

Closing

Aug 13, 2024

AI

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:

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

Aj Felberbaum

BayBridge Real Estate Capital

Broker

$2.4B

vol

31 deals

Broker
Madison Realty Capital
Madison Realty CapitalLender

Plantation 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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93