ACRES Provides $47M Acquisition Loan For Multifamily Property In Fort Lauderdale, FL
5201 North Dixie Highway, Fort Lauderdale, Florida, USA
$47,000,000
$219/SF
Building Size
213,768 SF
Asset Type
MultiFamily
Closing
Apr 27, 2021
AI
The multifamily property located at 5201 N. Dixie Highway in Fort Lauderdale, FL has been acquired through a loan. The loan transaction occurred on 04/28/2021. The property is a part of the Fort Lauderdale market and is owned by ROI Capital Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Loan Type: Acquisition
- Lender: ACRES
- Borrower: ROI Capital Group
- Brokers: Mitch Sinberg & Brad Williamson - Berkadia
The loan amount for the acquisition is $47,000,000. The loan terms include a three-year bridge loan with two one-year options. The representation for the borrowers in this deal was Mitch Sinberg & Brad Williamson from Berkadia. ACRES provided the loan for this transaction.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93