MetLife Insurance Provides $108.5M Loan For Multifamily Property In Boca Raton
5400 Broken Sound Boulevard Northwest, Boca Raton, Florida 33487, United States
$108,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
The multifamily property located at 5400 Broken Sound Boulevard NW in Boca Raton has recently undergone a closed transaction. This property spans across 11 acres and consists of 297 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $108,500,000
- Address: 5400 Broken Sound Boulevard NW, Boca Raton
- Market: Boca Raton
- Units: 297
- Acres: 11
MetLife Insurance provided a loan amount of $108,500,000 for this transaction. The landlord involved in this deal is Lincoln Property Company, represented by Tim Byrne.
Players
Boca Raton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93