Updated Aug 31, 2026
Fortune Capital Partners Secures $31.5 Million Refinance For 146-Unit Multifamily At 4400 Northwest 79th Avenue
4400 Northwest 79th Avenue
$31,500,000
$246/SF
Building Size
127,950 SF
Asset Type
MultiFamily
Closing
Aug 21, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 4400 Northwest 79th Avenue in the Doral market. The property consists of 146 units and has a total square footage of 127,950. The loan associated with this property is a refinance loan amounting to $31,500,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $31,500,000
- Units: 146
- Square Footage: 127,950
- Address: 4400 Northwest 79th Avenue
- Market: Doral
- Borrower: Fortune Capital Partners
- Broker: Peter Mekras - Aztec Group
- Loan Type: Refinance
This transaction is facilitated by broker Peter Mekras, representing Fortune Capital Partners. The refinancing structure indicates a strategic financial move aimed at optimizing the asset's funding and operational performance.
Players
Doral 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93