Updated Oct 29, 2024
First Financial Capital Funds $6.5M Acquisition Loan For Multifamily Property In Coconut Creek
6330 N State Road 7th
$6,500,000
$164/SF
Building Size
39,639 SF
Asset Type
MultiFamily
Closing
Mar 20, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily property located at 6330 N State Road 7th in Coconut Creek. It spans a total square footage of 39,639 and was recently acquired.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Market: Coconut Creek
- Lender: First Financial Capital - Faraz Ghadooshahy
- Loan Type: Acquisition Loan
The lender in this transaction is First Financial Capital, represented by Faraz Ghadooshahy. First Financial Capital is a privately capitalized bridge lender based out of West Hollywood. They specialize in special-purpose properties such as hospitality, gas stations, and luxury homes. For more information, interested parties can contact FFC at 310.694.5060 and ask for Faraz.
Players
Market 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93