Trevian Capital Provides $8.6M Acquisition Loan For Multifamily Properties In North Miami Beach
6971 Carlyle Avenue, Miami Beach, Florida 33141, United States
$8,625,000
$431/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
AI
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.
Players
Miami Beach 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93