Updated Nov 28, 2024
S3 Capital Partners Provides $5.8M Loan For Miami Beach Multifamily Acquisition
Miami Beach, Miami, Florida 33131, United States
$5,800,000
$320/SF
Building Size
18,100 SF
Asset Type
MultiFamily
Closing
Sep 23, 2022
About this deal
AI
An acquisition loan of $5,800,000 was secured for a multifamily property in Miami Beach. The property consists of 32 units and spans across 18,100 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Market: Miami Beach
- Units: 32
- Square Footage: 18,100
The loan was provided by S3 Capital Partners, represented by Robert Schwartz and Steven Jemal. Adrian Edery and Sara Frankel from Paradigm Commercial Real Estate acted as brokers in the deal.
The multifamily loan at Miami Beach, Miami, Florida 33131, United States in Miami, Florida financed for $5.8M in 2022. Reported inventory is 18,100 square feet across 32 units, or about 320 per square foot. Steven Jemal, Robert Schwartz, Adrian Edery, Paradigm Commercial Real Estate appear on the loan alongside Paradigm Commercial Real Estate. This page is the Miami, Florida file for the Miami Beach, Miami, Florida 33131, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Miami sit in the Market section below. Filter that Miami multifamily set by closing date to see what else financed near Miami Beach, Miami, Florida 33131, United States around 2022. Published consideration for Miami Beach, Miami, Florida 33131, United States is $5.8M, dated 2022. Cite this S3 Capital Partners Provides $5.8M Loan For Miami Beach Multifamily Acquisition loan when underwriting similar multifamily product around Miami, Florida.
Players
Miami MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93