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7450 West 4th Lane

Updated Nov 17, 2023

Amzak Capital Management Provides $20.5M Construction Loan For Multifamily Property In Hialeah
FINANCEDMultiFamily

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

Amzak Capital Management
Amzak Capital ManagementLender

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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