Trevian Capital Provides $8.6M Acquisition Loan For Multifamily Properties In North Miami Beach
FINANCED
$8,625,000
Florida
See Similar DealsMultiFamily20,000 SF
Financed 12/16/2021
FINANCED
Trevian Capital Provides $8.6M Acquisition Loan For Multifamily Properties In North Miami Beach
6971 Carlyle Avenue, Miami Beach, Florida 33141, United States
See Similar DealsMultiFamily20,000 SF
Financed 12/16/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:20,000 SF
Transaction Type:Loan
The transaction involved the acquisition of a multifamily property located at 6971 & 7325 Carlyle Ave & 1007 Bay Drive7 in North Miami Beach. The property spans approximately 20,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,625,000
- Address: 6971 & 7325 Carlyle Ave & 1007 Bay Drive7, North Miami Beach
- Market: North Miami Beach
Trevian Capital, represented by Michael Hoffenberg, provided the loan for the acquisition. The loan amount was $8,625,000 and the loan type was acquisition.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,625,000.00
Monthly NOI$57,500.00
Monthly Debt Service$54,515.87
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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