facebook
Traded Co logo
Submit

Royal Palm Companies Acquires Multifamily Property In Dania Beach For $64.7M With Trez Capital Loan

Property Image
FINANCED
$64,700,000
DK
MG

Florida

See Similar Deals
MultiFamily178,612 SF
Financed 07/06/2021
the dealplayerscompscontact
Property Image
FINANCED

Royal Palm Companies Acquires Multifamily Property In Dania Beach For $64.7M With Trez Capital Loan

600 East Dania Beach Boulevard, Dania Beach, FL, USA

See Similar Deals
MultiFamily178,612 SF
Financed 07/06/2021
DK
MG
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:178,612 SF
Transaction Type:Loan

The multifamily property located at 600 East Dania Beach Boulevard in Dania Beach has been involved in a recent loan transaction. The transaction took place on 07/06/2021 and the loan amount secured for the property was $64,700,000. The property spans across 4.1 acres and consists of 293 units.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $64,700,000
  • Address: 600 East Dania Beach Boulevard
  • Market: Dania Beach
  • Lender: Trez Capital - Ben Jacobson
  • Landlord: Royal Palm Companies - Daniel Kodsi & Morley Greene
  • Units: 293
  • Acres: 4.1

In this deal, the loan was provided by Trez Capital with Ben Jacobson serving as the representative. The landlord of the property is Royal Palm Companies, represented by Daniel Kodsi and Morley Greene.

Players

Trez Capital
Trez Capital
LENDER
DK
Dan Kodsi
12 deals$1B volume
LANDLORD
MG
Trez Capital
Morley Greene
2 deals$64.7M volume
LANDLORD

Details

FINANCED
IMAGE: Ben Jacobson & Daniel Kodsi DATE: 07/06/2021 ADDRESS: 600 East Dania Beach Boulevard MARKET: Dania Beach ASSET TYPE: Multifamily LENDER: Trez Capital - Ben Jacobson LANDLORD: Royal Palm Companies - Daniel Kodsi & Morley Greene LOAN AMOUNT: $64,700,000 UNITS: 293 ACRES: 4.1

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$64,700,000.00

Monthly NOI$431,333.33
Monthly Debt Service$408,948.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00