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

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FINANCED
$94,000,000
Jay Miller
Aj Felberbaum
+ 1

Florida

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MultiFamily400,000 SF
Financed
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Property Image
FINANCED

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

4350 Northwest 8th Court

See Similar Deals
MultiFamily400,000 SF
Financed
Jay Miller
Aj Felberbaum
+ 1
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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:

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
31 deals$2.4B volume(646) 213-7600
BROKER

Jay Miller
BayBridge Real Estate Capital
34 deals$2.6B volume(646) 213-7561
BROKER

Spencer Miller
BayBridge Real Estate Capital
30 deals$2.4B volume
BROKER

Noah Rothman
BayBridge Real Estate Capital
10 deals$797.4M volume
BROKER

Madison Realty Capital
LENDER

Details

FINANCED
IMAGE: Aj Felberbaum, Spencer Miller, Jay Miller & Noah Rothman DATE: 08/13/2024 ADDRESS: 4350 Northwest 8th Court MARKET: Plantation ASSET TYPE: Multifamily ~ UNITS: 330 ~ SF: 400,000 LENDER: Madison Realty Capital (@MadisonRealtyCapital) LANDLORD: Invesca Development Group (@InvescaDevelopmentGroup) BROKERS: Jay Miller, Spencer Miller, Aj Felberbaum & Noah Rothman - BayBridge Real Estate Capital LOAN AMOUNT: $94,000,000 LOAN TYPE: Refinance

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Deal Type
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