Centennial Bank Provides $41M Construction Loan For Multifamily Property In Sunrise
8083 West Oakland Park Boulevard
$41,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 2, 2022
AI
Located at 8083-8093 W Oakland Park Blvd in Sunrise, this multifamily property consists of 235 units. The transaction took place on 02/11/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Market: Sunrise
- Address: 8083-8093 W Oakland Park Blvd
- Units: 235
The loan for this transaction was provided by Centennial Bank, with J.C. de Ona serving as the bank's representative. The loan amount was $41,000,000 and it was a construction loan. The landlord of the property is Oscar Barbara.
Players
Sunrise 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93