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North Miami, Florida, Unite...

Maxx Properties Portfolio In Davie, North Miami & Coral Springs Acquires Multifamily Property For $67M Loan
FINANCEDMultiFamily

Maxx Properties Portfolio In Davie, North Miami & Coral Springs Acquires Multifamily Property For $67M Loan

North Miami, Florida, United States

$67,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 10, 2022

AI

The Maxx Properties Portfolio, located in Davie, North Miami, and Coral Springs, was involved in a recent closed transaction. The multifamily property consists of 371 units.

Summary of transaction details:

The deal was facilitated by Newmark, with Avery Klann, Tal Frydman, and Hampton Beebe acting as the sale brokers. The loan brokers involved in the transaction were Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Daniel Matz, Eden Abraham, and Holden Witkoff from Newmark.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

268 deals

Broker
Ladder Capital
Ladder CapitalLender

North Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93