FINANCEDMultiFamily
Kevin O’Grady Secures $76.5M Loan For MultiFamily In Dania Beach
560 E Dania Beach BLVD, Dania Beac...
$76,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 29, 2023
AI
The property at 560 E Dania Beach BLVD, Dania Beach, situated in the Dania market, is a MultiFamily asset. The loan for this property was provided by 3650 REIT, amounting to $76,500,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $76,500,000.00
- Address: 560 E Dania Beach BLVD, Dania Beach
- Market: Dania
- Borrower's Rep: Kevin O’Grady (Concord Summit Capital)
- Lender: 3650 REIT
The borrower's representative in this deal was Kevin O’Grady from Concord Summit Capital.
Players
Dania 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93