Centennial Bank Provides $41M Construction Loan For Multifamily Property In Sunrise
FINANCED
$41,000,000
Florida
See Similar DealsMultiFamily
Financed 11/02/2022
FINANCED
Centennial Bank Provides $41M Construction Loan For Multifamily Property In Sunrise
8083 West Oakland Park Boulevard
See Similar DealsMultiFamily
Financed 11/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,000,000.00
Monthly NOI$273,333.33
Monthly Debt Service$259,147.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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