FCP's Kevin Murphy Provides $43.8M Loan For Lindenhurst Multifamily Portfolio
Doral, Florida, United States
$43,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
The transaction involves a multifamily portfolio consisting of 837 units located across Lindenhurst, New York, Georgia, and Doral, Florida. The total loan amount for this portfolio is $43,800,000. The asset type is classified as multifamily.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $43,800,000
- Lender: FCP
- Lender's Representative: Kevin Murphy
- Market: Lindenhurst New York, Georgia & Doral Florida
- Units: 837
Kevin Murphy represents FCP in this loan transaction, facilitating the financial arrangement for the multifamily portfolio across the specified markets.
Players
Doral 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93