Updated Oct 28, 2024
Madison Realty Capital Provides $85M Construction Loan For Multifamily Project In Plantation
4350 West Sunrise Boulevard
$85,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 8, 2022
About this deal
AI
4350 West Sunrise Boulevard in Plantation has been involved in a recent closed transaction. The asset under consideration is a multifamily property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Address: 4350 West Sunrise Boulevard, Plantation
- Lender: Madison Realty Capital - Josh Zegen
- Landlord: Invesca Development Group
- Brokers: Jay Miller, Spencer Miller & AJ Felberbaum - BayBridge Real Estate Capital
The deal was facilitated by the involvement of key individuals and companies. The lender for this transaction was Madison Realty Capital, with Josh Zegen representing them. The landlord in this transaction was Invesca Development Group. The brokers involved in 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