TruAmerica Acquires Multifamily Property In Boynton Beach For $46M
FINANCED
$46,000,000
Florida
See Similar DealsMultiFamily267,060 SF
Financed 06/11/2020
FINANCED
TruAmerica Acquires Multifamily Property In Boynton Beach For $46M
5020 Ashley Lake Drive, Boynton Beach, FL 33437, USA
See Similar DealsMultiFamily267,060 SF
Financed 06/11/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$172
Total Square Footage:267,060 SF
Transaction Type:Loan
The multifamily property located at 5020 Ashley Lake Dr in Boynton Beach has recently been involved in a closed transaction. The property consists of 300 units and has attracted the attention of industry professionals.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $46,000,000
- Address: 5020 Ashley Lake Dr, Boynton Beach
- Market: Boynton Beach
- Lender: bbva''>BBVA
- Landlord: TruAmerica - Matthew Ferrari
TruAmerica, represented by Matthew Ferrari, secured a loan from BBVA in the amount of $46,000,000 for the acquisition of the multifamily property at 5020 Ashley Lake Dr. The property offers 300 units, making it an attractive investment opportunity. This transaction has garnered attention in the industry due to the significant loan amount and the involvement of notable parties.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,000,000.00
Monthly NOI$306,666.67
Monthly Debt Service$290,751.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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