FINANCED
Cardone Capital Secures $105M Loan For Boca Raton Multifamily Property
5550 North Military Trail
MultiFamily
400,000 SF
400,000 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
400,000 sqft
Located at 5550 North Military Trail in Boca Raton, this multifamily property encompasses 400,000 square feet. The transaction took place on December 4, 2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $105,000,000
- Market: Boca Raton
- Lender: New York Community Bank (NYCB)
- Landlord: Cardone Capital
- Brokers: Israel Schubert, David Cohen, Mordy Schwartz, & Mark Krupenia - Meridian Capital Group
The loan for this transaction was provided by New York Community Bank (NYCB). The loan amount is $105,000,000, and it is subject to interest-only payments of 2.89 percent for the entire 7-year term.
Players
Details
FINANCED
IMAGE: Israel Schubert, David Cohen, & Mark Krupenia
DATE: 12/04/2020
ADDRESS: 5550 North Military Trail
MARKET: Boca Raton
ASSET TYPE: Multifamily
SF: 400,000
LENDER: New York Community Bank (NYCB)
LANDLORD: Cardone Capital
BROKERS: Israel Schubert, David Cohen, Mordy Schwartz, & Mark Krupenia - Meridian Capital Group
LOAN AMOUNT: $105,000,000
LOAN TERMS: interest-only payments of 2.89 percent across the whole of its 7 year termView on map
Loading...
Address5550 North Military Trail
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want