Updated Oct 29, 2024
Fannie Mae Provides $24.5M Loan For Multifamily Property In Port St. Lucie
5511 Northwest Sandhill Trail, Port St. Lucie, FL, USA
$24,500,000
$14,803/SF
Building Size
1,655 SF
Asset Type
MultiFamily
Closing
Apr 5, 2020
About this deal
AI
55011 NW Sandhill Trail in Port St. Lucie has recently been involved in a closed transaction. This multifamily property was part of a loan deal, with a loan amount of $24,500,000 and a loan term of 10 years. The lender in this transaction was Fannie Mae. Rich Properties served as the landlord for this property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,500,000
- Address: 5511 NW Sandhill Trail
- Market: Port St. Lucie
The brokers involved in this deal were Mitch Sinberg & Matt Robbins from Berkadia. They represented the parties in the transaction and played a crucial role in facilitating the loan deal for the multifamily property.
Players
Port Saint Lucie 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93