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
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.
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