Updated Nov 17, 2023
Amzak Capital Management Provides $20.5M Construction Loan For Multifamily Property In Hialeah
7450 West 4th Lane
$20,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 24, 2023
About this deal
AI
The property involved in the transaction is a multifamily asset located at 7450 West Fourth Avenue in Hialeah. The property spans across 5 acres and is owned by Prestige Companies and Florida Value Partners. The loan for the property was provided by Amzak Capital Management, with a loan amount of $20,500,000. The loan type is a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,500,000
- Address: 7450 West Fourth Avenue
- Market: Hialeah
- Landlord: Prestige Companies and Florida Value Partners
- Lender: Amzak Capital Management
- Loan Type: Construction Loan
The deal's key individuals include Gerry Kazma and Michael Kazma from Amzak Capital Management, representing the lender. Alexander Ruiz and Marty Caparros represent Prestige Companies in the deal, and Gus Alfonso represents Florida Value Partners. These individuals played important roles in facilitating the transaction.
Players
Hialeah MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93