Updated May 19, 2025
Robert Talas & David Meytin Of Flatiron Realty Capital Close $5.07M Refinance In St. Petersburg
$5,070,000
$337/SF
Building Size
15,041 SF
Asset Type
MultiFamily
Closing
May 4, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located in St. Petersburg, Florida, encompassing a total square footage of 15,041. The loan amount secured for this refinance is $5,070,000, facilitated by a 30-Year DSCR blanket loan covering six investment properties.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $5,070,000
- Lender: Robert Talas & David Meytin - Flatiron Realty Capital
- Loan Type: Refinance
- Date of Closure: 5/5/2025
- Market: St. Petersburg
- Originated by: TriStateLender
This transaction was a part of Flatiron Realty Capital's in-house capital and portfolio lending program, which enabled the deal to be closed in just 12 days for a valued repeat client. David Meytin can be contacted at (917) 660-4000 or via email at [email protected] for financing inquiries regarding future projects.
Players
Market 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
3.13%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93