Updated Oct 29, 2024
Hunt Real Estate Capital Provides $8.2M Loan For Oceanmar Park Apartments LLC In Hialeah
7155 W 14th Ct, Hialeah, FL 33014, USA
$8,200,000
$676/SF
Building Size
12,125 SF
Asset Type
MultiFamily
Closing
Apr 20, 2020
About this deal
AI
Oceanmar Park Apartments LLC has closed a transaction for a multifamily property located at 7155 W. 14th Court in Hialeah. The property consists of 104 units and was financed by Hunt Real Estate Capital with a loan amount of $8,200,000. The loan has a term of 15 years.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Units: 104
- Market: Hialeah
James P. Flynn from Hunt Real Estate Capital provided the financing for the transaction.
The multifamily loan at 7155 W 14th Ct, Hialeah, FL 33014, USA in Hialeah, Florida financed for $8.2M in 2020. Reported inventory is 12,125 square feet across 104 units, or about 676 per square foot. This page is the Hialeah, Florida file for the 7155 W 14th Ct, Hialeah, FL 33014, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Hialeah sit in the Market section below. Filter that Hialeah multifamily set by closing date to see what else financed near 7155 W 14th Ct, Hialeah, FL 33014, USA around 2020. Published consideration for 7155 W 14th Ct, Hialeah, FL 33014, USA is $8.2M, dated 2020. Cite this Hunt Real Estate Capital Provides $8.2M Loan For Oceanmar Park Apartments LLC In Hialeah loan when underwriting similar multifamily product around Hialeah, Florida.
Players
Hialeah 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93