Updated Oct 29, 2024
Freddie Mac Provides $43.25M Loan For Multifamily Property On NE 4th Avenue, Fort Lauderdale
440 NE 4th Ave, Fort Lauderdale, FL 33301, USA
$43,250,000
$39,318/SF
Building Size
1,100 SF
Asset Type
MultiFamily
Closing
Aug 31, 2020
About this deal
AI
440 NE 4th Avenue, a multifamily property located in Fort Lauderdale, was recently involved in a closed transaction. The loan for this property was provided by Freddie Mac, with a loan amount of $43,250,000. The loan terms were set for 10 years, with a fixed-rate and full-term interest only arrangement.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $43,250,000
The brokers responsible for facilitating this deal were Charles Foschini and Christopher Apone from Berkadia.
The multifamily loan at 440 NE 4th Ave, Fort Lauderdale, FL 33301, USA in Fort Lauderdale, Florida financed for $43.3M in 2020. The building is 1,100 square feet, implying about 39.3K per square foot on the published price. Charles Foschini, Berkadia appear on the loan alongside Berkadia. This page is the Fort Lauderdale, Florida file for the 440 NE 4th Ave, Fort Lauderdale, FL 33301, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale multifamily set by closing date to see what else financed near 440 NE 4th Ave, Fort Lauderdale, FL 33301, USA around 2020. Published consideration for 440 NE 4th Ave, Fort Lauderdale, FL 33301, USA is $43.3M, dated 2020. Cite this Freddie Mac Provides $43.25M Loan For Multifamily Property On NE 4th Avenue, Fort Lauderdale loan when underwriting similar multifamily product around Fort Lauderdale, Florida.
Players
Fort Lauderdale 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
0.37%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93