FCP's Kevin Murphy Provides $43.8M Loan For Lindenhurst Multifamily Portfolio
FINANCED
$43,800,000
Florida
See Similar DealsMultiFamily
FINANCED
FCP's Kevin Murphy Provides $43.8M Loan For Lindenhurst Multifamily Portfolio
Doral, Florida, United States
See Similar DealsMultiFamily
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,800,000.00
Monthly NOI$292,000.00
Monthly Debt Service$276,845.79
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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