Updated Apr 3, 2025
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
About this deal
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.
The multifamily loan at 560 E Dania Beach BLVD, Dania Beac... in Dania, Florida financed for $76.5M in 2023. 560 E Dania Beach BLVD, Dania Beac... is classified as Multifamily on Traded. Kevin O’Grady, Concord Summit Capital appear on the loan alongside Concord Summit Capital. This page is the Dania, Florida file for the 560 E Dania Beach BLVD, Dania Beac... multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Dania sit in the Market section below. Filter that Dania multifamily set by closing date to see what else financed near 560 E Dania Beach BLVD, Dania Beac... around 2023. Published consideration for 560 E Dania Beach BLVD, Dania Beac... is $76.5M, dated 2023. Cite this Kevin O’Grady Secures $76.5M Loan For MultiFamily In Dania Beach loan when underwriting similar multifamily product around Dania, Florida.
On the Map
$76,500,000
MultiFamily
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Players
Dania 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93