Flatiron Realty Capital Closes $6.95M Refinance Loan On Seven Multifamily Properties In St. Petersburg
$6,951,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 30, 2025
AI
The asset involves a multifamily portfolio composed of seven investment properties located in St. Petersburg, Florida. The total loan amount secured for refinancing these properties is $6,951,000, structured under a 30-Year DSCR cash-out refinance blanket loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,951,000
- Loan Type: Refinance
- Loan Terms: 7 Property 30 Year DSCR Refinance
- Lender: David Meytin - Flatiron Realty Capital
David Meytin, representing Flatiron Realty Capital, facilitated the loan for a repeat borrower who previously refinanced six properties through the firm. This transaction signals the lender's commitment to providing customized financing solutions for experienced investors managing multiple income-producing assets.
Players
Market 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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93