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Adir Davidov Secures $1.26 Million Refinance Loan For 7-Unit Multifamily Property In Fort Lauderdale

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FINANCED
$1,260,000

Florida

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MultiFamily3,353 SF
Financed 07/24/2024
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FINANCED

Adir Davidov Secures $1.26 Million Refinance Loan For 7-Unit Multifamily Property In Fort Lauderdale

709 Coontie Court

See Similar Deals
MultiFamily3,353 SF
Financed 07/24/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:3,353 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 709 Coontie Court in Fort Lauderdale. The property consists of 7 units and has a total square footage of 3,353. The loan amount for refinancing is $1,260,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,260,000
  • Lender: Coastal Equity Group
  • Landlord: Adir Davidov
  • Broker: Joseph Brikman - The Modern Day Agent
  • Loan Type: Refinance

Joseph Brikman, the broker for this transaction, is associated with The Modern Day Agent. Notably, the financing entity, Coastal Equity Group, is involved in providing the funds necessary for this transaction, with a focus on assisting landlords in their real estate ventures.

Players

Joseph Brikman
Real Broker
Joseph Brikman
7 deals$16.9M volume(954) 493-1100
BROKER
Joseph Brikman
Real Broker
Joseph Brikman
7 deals$16.9M volume(954) 493-1100
BROKER
Coastal Equity Group
Coastal Equity Group
LENDER

Details

FINANCED
IMAGE: Joseph Brikman & Adir Davidov DATE: 07/24/2024 ADDRESS: 709 Coontie Court MARKET: Fort Lauderdale ASSET TYPE: Multifamily ~ UNITS: 7 ~ SF: 3,353 LENDER: Coastal Equity Group LANDLORD: Adir Davidov BROKER: Joseph Brikman (@Gottacalljoe) - The Modern Day Agent LOAN AMOUNT: $1,260,000 LOAN TYPE: Refinance NOTE FROM BROKER: J² Funded Money When You Need It, How You Need It, Where You Need It. Helping Today's Landlords Build Tomorrow's Legacy. Over $20,000,000 Funded This Year. Proven Underwriting to Get You the Funds You Need for Your Real Estate Investments. Contact Joe Brikman at 929-842-3080 or [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,260,000.00

Monthly NOI$8,400.00
Monthly Debt Service$7,964.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00