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

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FINANCED
$20,500,000

Florida

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MultiFamily
Financed 01/24/2023
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FINANCED

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

7450 West 4th Lane

See Similar Deals
MultiFamily
Financed 01/24/2023
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

Details

FINANCED
IMAGE: Gus Alfonso, Alexander Ruiz & Marty Caparros DATE: 01/24/2023 ADDRESS: 7450 West Fourth Avenue MARKET: Hialeah ASSET TYPE: Multifamily ~ ACRES: 5 LENDER: Amzak Capital Management - Gerry Kazma & Michael Kazma LANDLORD: Prestige Companies (@PBG_Miami) - Alexander Ruiz & Marty Caparros; Florida Value Partners - Gus Alfonso LOAN AMOUNT: $20,500,000 LOAN TYPE: Construction Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,500,000.00

Monthly NOI$136,666.67
Monthly Debt Service$129,573.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00