Updated May 12, 2025
Madison Realty Capital Provides $85M Construction Loan For Multifamily Property In Plantation
4350 Northwest 8th Court
$85,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 8, 2022
About this deal
AI
The property involved in the transaction is a multifamily asset located at 4350 NW 8th Ct in the Plantation market. A construction loan of $85,000,000 has been secured for this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Lender: Madison Realty Capital - Josh Zegen
- Landlord: Invesca Development Group
- Brokers: Jay Miller, Spencer Miller & AJ Felberbaum - BayBridge Real Estate Capital
- Loan Type: Construction
Key individuals involved in the transaction include Josh Zegen representing Madison Realty Capital as the lender, and Invesca Development Group acting as the landlord. The brokerage team from BayBridge Real Estate Capital includes brokers Jay Miller, Spencer Miller, and AJ Felberbaum, who facilitated the deal.
Players
Plantation MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
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