facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Loan

/

560 E Dania Beach BLVD, Dan...

Kevin O’Grady Secures $76.5M Loan For MultiFamily In Dania Beach
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

Kevin O’Grady

Concord Summit Capital

Broker

$501.8M

vol

9 deals

Broker
3650 Capital
3650 CapitalLender

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