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FINANCED
$9,800,000
Dan Dratch
Ryan Wold
Dakota Brown

Florida

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MultiFamily61,275 SF
Financed 04/30/2025
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Property Image
FINANCED

5801 Northwest 17th Place

5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place

See Similar Deals
MultiFamily61,275 SF
Financed 04/30/2025
Dan Dratch
Ryan Wold
Dakota Brown
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$159
Total Square Footage:61,275 SF
Transaction Type:Loan

The transaction involves a multifamily asset located at 5801 Northwest 17th Place, 5850 Northwest 17th Place, and 5971 Northwest 17th Place in the Sunrise market. This asset comprises 145 units and a total square footage of 121,211. A refinance loan of $9,800,000 has been secured for this property with terms set for 10 years.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,800,000
  • Loan Type: Refinance
  • Loan Terms: 10 Years
  • Units: 145
  • Square Footage: 121,211
  • Address: 5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place
  • Market: Sunrise
  • Brokers: Dakota Brown, Dan Dratch, & Ryan Wold - Franklin Street

The individuals involved in this transaction include Dakota Brown, Dan Dratch, and Ryan Wold, who acted as brokers representing the deal for Franklin Street. Their expertise contributed to the successful refinancing of the multifamily property, aligning financial terms to meet the current market conditions.

Players

Dan Dratch
Franklin Street
Dan Dratch
48 deals$267.8M volume
BROKER
Ryan Wold
Franklin Street
Ryan Wold
40 deals$210.5M volume(954) 312-1678
BROKER
Dakota Brown
Franklin Street
Dakota Brown
5 deals$32.4M volume(813) 839-7300
BROKER
Franklin Street
Franklin Street
BROKERAGE

Details

FINANCED
IMAGE: Dan Dratch, Dakota Brown & Ryan Wold DATE: 5/1/2025 ADDRESS: 5801 Northwest 17th Place, 5850 Northwest 17th Place & 5971 Northwest 17th Place MARKET: Sunrise ASSET TYPE: Multifamily ~ UNITS: 145 ~ SF: 121,211 BROKERS: Dakota Brown (@DM_Brown), Dan Dratch (@Big_Smoothie_), & Ryan Wold (@DJSunsett) - Franklin Street (@FranklinStreet.CRE) (@HanleyInvestmentGroup) LOAN AMOUNT: $9,800,000 LOAN TYPE: Refinance LOAN TERMS: 10 Years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,800,000.00

Monthly NOI$65,333.33
Monthly Debt Service$61,942.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00