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First Financial Capital Funds $6.5M Acquisition Loan For Multifamily Property In Coconut Creek

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FINANCED
$6,500,000

Florida

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MultiFamily39,639 SF
Financed 03/20/2023
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FINANCED

First Financial Capital Funds $6.5M Acquisition Loan For Multifamily Property In Coconut Creek

6330 N State Road 7th

See Similar Deals
MultiFamily39,639 SF
Financed 03/20/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$164
Total Square Footage:39,639 SF
Transaction Type:Loan

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

First Financial Capital
First Financial Capital
LENDER

Details

FINANCED
IMAGE: Faraz Ghadooshahy DATE: 03/20/2023 ADDRESS: 6330 N State Road 7th MARKET: Coconut Creek ASSET TYPE: Multifamily ~ SF: 39,639 LENDER: First Financial Capital - Faraz Ghadooshahy (@FarazGhad) LOAN AMOUNT: $6,500,000 LOAN TYPE: Acquisition Loan NOTE FROM LENDER: FFC is a privately capitalized bridge lender based out of West Hollywood with a niche in special-purpose properties such as hospitality, gas stations & luxury homes. Call FFC @ 310.694.5060 & ask for Faraz

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,500,000.00

Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00