FINANCEDMultiFamily
$60 Million Construction Loan Secured For 17-Unit Multifamily Asset In Tequesta By Cooper Horowitz
$60,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2025
AI
The asset involved in this transaction is a multifamily property located in Tequesta, comprising 17 units. The loan amount for this construction project is $60,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $60,000,000
- Market: Tequesta
- Units: 17
- Loan Type: Construction
The key individuals involved in the transaction are Michael Horowitz, Jordan Horowitz, and David Horowitz, all representing Cooper Horowitz in this deal.
Players
Jupiter 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93