Updated Jul 7, 2025
AHC Of West Palm Beach, LLC Secures $42M Loan For 270-Unit Multifamily Property In West Palm Beach
4894 Alora Isles Drive, Haverhill, FL, USA
$42,000,000
$30,996/SF
Building Size
1,355 SF
Asset Type
MultiFamily
Closing
Sep 27, 2021
About this deal
AI
The multifamily property located at 4894 Alora Isles Drive in West Palm Beach has been involved in a recent transaction. The property consists of 270 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Loan Type: Recapitalization
- Loan Terms: seven-year, fixed-rate loan, with full term interest only and a loan-to-cost of 81 percent
NW Mutual provided a loan of $42,000,000 for the transaction. The loan is a recapitalization loan with a term of seven years and a fixed interest rate. The terms of the loan include a full term interest only, and the loan-to-cost ratio is 81 percent.
The landlord in this transaction is AHC of West Palm Beach, LLC. The deal was facilitated by brokers Charles Foschini and Chris Apone from Berkadia.
Players
West Palm Beach 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93