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Kushner Companies Lands $157.5 Million Loan From Apollo Global Management And Macquarie Group

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FINANCED
$157,500,000
Michael Ianno
Keith Kurland
+ 3

Florida

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MultiFamily379,000 SF
Financed 12/18/2024
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FINANCED

Kushner Companies Lands $157.5 Million Loan From Apollo Global Management And Macquarie Group

555 Northeast 34th Street

See Similar Deals
MultiFamily379,000 SF
Financed 12/18/2024
Michael Ianno
Keith Kurland
+ 3
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$415
Total Square Footage:379,000 SF
Transaction Type:Loan

The Hamilton is a multifamily asset located at 555 Northeast 34th Street in Miami. This property features 276 units within a total square footage of 379,000. The acquisition loan secured for this asset amounts to $157,500,000.

Summary of transaction details:

This transaction involved key players from various companies, with Scott Weiner and Ben Gray representing the lenders, while Laurent Morali and Ben Curtiss represented the landlord, Kushner Companies. Walker & Dunlop acted as brokers for the deal, with a team led by Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Michael Stepniewski, and Michael Ianno contributing to the transaction.

Players

Aaron Appel
194 deals$32.5B volume
BROKER

Jonathan Schwartz
Walker & Dunlop
168 deals$27.2B volume
BROKER

Keith Kurland
Walker & Dunlop
173 deals$29.4B volume
BROKER

Adam Schwartz
Walker & Dunlop
166 deals$25.7B volume(646) 491-8869
BROKER

Michael Ianno
Walker & Dunlop
51 deals$6B volume
BROKER

Michael Stepniewski
Walker & Dunlop
11 deals$2.4B volume
BROKER

Macquarie Group
LENDER

Details

FINANCED
IMAGE: Jonathan Schwartz, Aaron Appel, Adam Schwartz, Keith Kurland, Michael Ianno, Michael Stepniewski, Laurent Morali, Ben Curtiss, Scott Weiner & Ben Gray DATE: 12/18/2024 ADDRESS: The Hamilton - 555 Northeast 34th Street MARKET: Miami ASSET TYPE: Multifamily ~ UNITS: 276 ~ SF: 379,000 LENDER: Apollo Global Management & Macquarie Group - Scott Weiner & Ben Gray LANDLORD: Kushner Companies (@KushnerCompanies) - Laurent Morali & Ben Curtiss BROKERS: Walker & Dunlop (@WalkerDunlop) - Aaron Appel, Keith Kurland (@KaKurland), Jonathan Schwartz (@JSchwa1386), Adam Schwartz (@AdamSchwartz88), Michael Stepniewski (@MikeStepniewski) & Michael Ianno (@mianno20) LOAN AMOUNT: $157,500,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$157,500,000.00

Monthly NOI$1,050,000.00
Monthly Debt Service$995,507.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00