Updated Oct 10, 2026
Graham Companies Obtains $70M Mortgage For Miami Lakes Multifamily Properties
6915 Main St Miami Lakes, Fl 33014, Usa
$70,000,000
Units
502
Asset Type
MultiFamily
Closing
Jul 21, 2023
About this deal
AI
The Graham Companies has obtained a $70 million mortgage for two Miami Lakes apartment properties. The properties, located at 6915 Main Street and 6460 Main Street, consist of a total of 502 units. This transaction reflects the strong demand and increasing property values in South Florida's multifamily market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $70,000,000
- Units: 502
- Address: 6915 Main Street & 6460 Main Street
- Market: Miami Lakes
The lender for this transaction is Empower Annuity Life Insurance Company. The loan terms are set for a 10-year period. The landlord, Graham Companies, has secured this refinance loan with the assistance of Jeff Robertson from Northmarq, acting as the broker in this deal. The involvement of these key individuals and companies highlights their role in ensuring the success of this financing.
On the Map
$70,000,000
MultiFamily
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Players
Miami 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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93