Realty Capital Finance Provides $30.4M Construction Loan For Little Havana Multifamily Portfolio
Little Havana, Miami, FL, USA
$30,361,954
$202/SF
Building Size
150,000 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
AI
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
Miami 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93