Post Road Group Provides $148M Construction Loan For 560-Unit Multifamily In Hialeah
FINANCED
$148,000,000
Florida
See Similar DealsMultiFamily
Financed 09/22/2022
FINANCED
Post Road Group Provides $148M Construction Loan For 560-Unit Multifamily In Hialeah
980 East 26th Street
See Similar DealsMultiFamily
Financed 09/22/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 980 E 26th St in Hialeah has recently undergone a closed transaction. The property features a total of 560 units, making it a significant investment opportunity in the market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $148,000,000
- Lender: Post Road Group
- Landlord: MG Developer - Alirio Torrealba; Baron Property Group - Matt Baron
- Loan Type: Construction Loan
The lender responsible for financing this transaction is the Post Road Group. On the landlord side, the property is owned jointly by MG Developer, represented by Alirio Torrealba, and Baron Property Group, represented by Matt Baron. The loan amount for this deal is $148,000,000, provided as a construction loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$148,000,000.00
Monthly NOI$986,666.67
Monthly Debt Service$935,460.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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