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IBorrow Secures $41.6M Refinance Loan For Palm Beach Multifamily & SFR Portfolio
FINANCED
$41,600,000
Florida
See Similar DealsMultiFamily
Financed 07/05/2023
FINANCED
IBorrow Secures $41.6M Refinance Loan For Palm Beach Multifamily & SFR Portfolio
Palm Beach
See Similar DealsMultiFamily
Financed 07/05/2023
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Loan
iBorrow has closed a $41.6 million loan to refinance a portfolio of multifamily and single-family properties in Palm Beach. The loan highlights iBorrow's ability to provide flexible and speedy financing options in the thriving real estate market of Florida.
Summary of transaction details
- Property Type: Multifamily & SFR
- Transaction Amount: $41,600,000
- Market: Palm Beach
Andy Peltz, representing iBorrow, facilitated the loan transaction. His expertise and knowledge in the real estate industry have contributed to the successful completion of this deal.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$41,600,000.00
Monthly NOI$277,333.33
Monthly Debt Service$262,940.30
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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