Updated Dec 20, 2023
$11M Loan Secured For Multifamily Properties In Coral Gables By Alirio Torrealba & Brian J. Sullivan
530 Malaga Avenue, Coral Gables, Florida 33134, United States
$11,000,000
$99/SF
Building Size
111,026 SF
Asset Type
MultiFamily
Closing
May 3, 2022
About this deal
AI
The multifamily property located at 530, 522, 516, 504, 521 & 536 Malaga Ave, 511, 515, 525, 529, 535 & 503 Santander Ave & 3109 Segovia Street in Coral Gables has recently undergone a closed transaction. The property has a total square footage of 111,026 and is classified as a multifamily asset.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,000,000
- Loan Amount: $11,000,000
The individuals involved in the deal are Alirio Torrealba & Brian J. Sullivan, who are represented by their respective broker representative. However, no additional information is provided regarding the details of the transaction or the parties involved.
Players
Coral Gables 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93