Updated Mar 11, 2025
Alta Developers Secures $77.1M Construction Loan For Miami Multifamily Property
9600 South Dixie Highway, Miami, Florida, USA
$77,115,000
$6,788/SF
Building Size
11,360 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
The multifamily property located at 9600 S. Dixie Highway in Miami, FL was involved in a closed transaction on 11/03/2021. The property consists of 296 units and is owned by Raimundo Onetto of Alta Developers.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $77,115,000
- Loan Type: Construction
Mack Real Estate Credit Strategies provided a loan of $77,115,000 for the construction of the property. The brokers involved in the deal were Ronnie Levine, Ben Jacobs, and Andrew Liebhard from Meridian Capital Group, along with Israel Lerner from Legend International Transport LLC.
On the Map
$77,115,000
$6,788/SF
MultiFamily
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Players
Kendall 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93