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
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