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
$64,700,000
$362/SF
Building Size
178,612 SF
Asset Type
MultiFamily
Closing
Jul 5, 2021
AI
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
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93