Updated Oct 28, 2024
Invesca Development Group Secures $85M Construction Loan For Multifamily Property In Plantation
4350 Northwest 8th Court
$85,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
The multifamily property located at 4350 NW 8th Ct in Plantation has undergone a significant transaction. The deal involved a construction loan from Madison Realty Capital, represented by Josh Zegen. The loan amount was $85,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Address: 4350 NW 8th Ct
- Market: Plantation
The landlord in this transaction was Invesca Development Group. The brokers who facilitated the deal were Jay Miller, Spencer Miller, and AJ Felberbaum from BayBridge Real Estate Capital.
Players
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93