$60 Million Construction Loan Secured For 17-Unit Multifamily Asset In Tequesta By Cooper Horowitz
FINANCED
$60,000,000
Florida
See Similar DealsMultiFamily
Financed 07/29/2025
FINANCED
$60 Million Construction Loan Secured For 17-Unit Multifamily Asset In Tequesta By Cooper Horowitz
MultiFamily
Financed 07/29/2025
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$60,000,000.00
Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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