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955 Northeast 170th Street

Noam Temchin Of FM Capital Secures $1.3M Refinance Loan For Multifamily Asset In Miami
FINANCEDMultiFamily

Noam Temchin Of FM Capital Secures $1.3M Refinance Loan For Multifamily Asset In Miami

955 Northeast 170th Street

$1,300,000

$1,300,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

Jan 29, 2025

AI

The asset involved in this transaction is a multifamily property located at 955 Northeast 170th Street in the Miami market. The loan amount secured for this property is $1,300,000 under a refinance loan type.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Broker: Noam Temchin - FM Capital
  • Loan Date: 01/29/2025

Noam Temchin from FM Capital acted as the broker representing the loan transaction for this multifamily property in Miami. The refinancing agreement details reflect a strategic financial decision by the property owner.

Players

Noam Temchin

FM Capital⁠

Broker

$105.9M

vol

16 deals

Broker

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93