Realty Capital Finance Provides $30.4M Construction Loan For Little Havana Multifamily Portfolio
FINANCED
$30,361,954
Florida
See Similar DealsMultiFamily150,000 SF
Financed 09/10/2021
FINANCED
Realty Capital Finance Provides $30.4M Construction Loan For Little Havana Multifamily Portfolio
Little Havana, Miami, FL, USA
See Similar DealsMultiFamily150,000 SF
Financed 09/10/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$202
Total Square Footage:150,000 SF
Transaction Type:Loan
A 9-property portfolio in Little Havana, Miami has recently undergone a loan transaction. The multifamily asset spans over 150,000 square feet and comprises 153 units. The transaction took place on 09/10/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,361,954
- Loan Type: Construction
- Loan Terms: 24 Months
Realty Capital Finance, represented by Samuel Kwadrat, Mark Safrin, and Heshy Safrin, provided the loan for this transaction. The loan amount of $30,361,954 will support the construction of the 9-property portfolio in Little Havana, Miami. The loan terms are set for a duration of 24 months.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,361,954.00
Monthly NOI$202,413.03
Monthly Debt Service$191,908.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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