Updated Oct 12, 2026
Trinsic Residential Refinances Boca Raton Multifamily Property With $92M Loan From MetLife Investment Management - Cushman & Wakefield Brokers
789 W Yamato Rd, Boca Raton, Florida 33431, United States
$92,000,000
Units
322
Asset Type
MultiFamily
Closing
Dec 15, 2022
About this deal
AI
The multifamily property located at 789 W. Yamato Road in Boca Raton has recently undergone a loan refinancing transaction. The property consists of 322 units, making it an attractive investment in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Address: 789 W. Yamato Road
- Market: Boca Raton
- Lender: MetLife Investment Management
- Landlord: Trinsic Residential
- Brokers: Steven Kohn, Alex Hernandez, Alex Lapidus, and Chris Meloni - Cushman & Wakefield
- Loan Type: Refinancing Loan
- Loan Terms: Fixed-rate loan
The loan was facilitated by MetLife Investment Management, providing a fixed-rate loan amount of $92,000,000. The refinancing loan allows the landlord, Trinsic Residential, to optimize their financial strategy for the multifamily property located at 789 W. Yamato Road in Boca Raton. The transaction was brokered by Steven Kohn, Alex Hernandez, Alex Lapidus, and Chris Meloni of Cushman & Wakefield.
On the Map
$92,000,000
MultiFamily
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Players
Boca Raton 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93