Updated Mar 11, 2025
IBorrow Secures $41.6M Refinance Loan For Palm Beach Multifamily & SFR Portfolio
Palm Beach
$41,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 5, 2023
About this deal
AI
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.
On the Map
$41,600,000
MultiFamily
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Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93