Updated Dec 4, 2024
G6 Holdings Refinances 10-property Miami Multifamily Portfolio For $9M With Syla Lending
620 Southwest 16th Avenue, 2454 Southwest 10th Street, 2472 Southwest 10th Street, 1567 Southwest 4th Street, 415 Sw 32 Ave, 417 Southwest 32nd Avenue, 615 Northwest 21st Avenue, 2085 Northwest 6th Street, 2125 Northwest 6th Street & 2135 Northwest 6th Street
$9,000,000
Units
103
Asset Type
MultiFamily
Closing
Feb 14, 2024
About this deal
AI
A 10 property portfolio in Miami has been successfully refinanced by Syla Lending. The properties included in the portfolio are located at the following addresses: 620 Southwest 16th Avenue, 2454 Southwest 10th Street, 2472 Southwest 10th Street, 1567 Southwest 4th Street, 415 Southwest 32 Avenue, 417 Southwest 32nd Avenue, 615 Northwest 21st Avenue, 2085 Northwest 6th Street, 2125 Northwest 6th Street, and 2135 Northwest 6th Street. The multifamily properties have a total of 103 units.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $9,000,000
- Lender: Syla Lending
- Landlord: G6 Holdings
- Lender's Rep: Jesse Nieves - Syla Lending
- Loan Type: Refinance
Syla Lending, represented by Jesse Nieves, successfully refinanced the 10 property portfolio in Miami. The refinance was done with an ultra low loan-to-value ratio and an aggressive interest rate, resulting in maximized monthly cash flow for the principals. Syla Lending, an industry leader in commercial, residential, and development loans, focuses on establishing long-lasting relationships with each client. For creative financing opportunities, interested parties can contact Jesse Nieves at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93