Updated May 12, 2025
The Estate Cos. Secures $93.2M Construction Loan For Lauderhill Multifamily Property
7730 West Commercial Boulevard, Lauderhill, Florida 33351, United States
$93,200,000
Units
529
Asset Type
MultiFamily
Closing
Aug 8, 2022
About this deal
AI
The property asset involved in this transaction is a multifamily development located at 7730 West Commercial Blvd, Lauderhill. The asset encompasses 529 units and spans across 13.7 acres. The loan granted for this project amounts to $93,200,000 and is classified as a construction loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $93,200,000
- Address: 7730 West Commercial Blvd
- Market: Lauderhill
- Units: 529
- Acres: 13.7
- Lender: Synovus Bank
- Landlord: The Estate Cos. - Robert Suris
- Loan Type: Construction Loan
The key individuals involved in the transaction are Robert Suris, representing The Estate Cos. as the landlord in this deal. Synovus Bank is noted as the lender providing the construction loan for the property development.
On the Map
$93,200,000
MultiFamily
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Sunrise MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93