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Mark Mittal Secures $5.07 Million Permanent Loan For 30-Unit Multifamily Asset In Coral Springs

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FINANCED
$5,700,000
Ryan Wold
Ethan Krauss
+ 1

Florida

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MultiFamily43,733 SF
Financed 03/06/2025
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FINANCED

Mark Mittal Secures $5.07 Million Permanent Loan For 30-Unit Multifamily Asset In Coral Springs

8740 Northwest 40th Street

See Similar Deals
MultiFamily43,733 SF
Financed 03/06/2025
Ryan Wold
Ethan Krauss
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$130
Total Square Footage:43,733 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 8740 Northwest 40th Street in Coral Springs. It consists of 30 units within a total square footage of 43,733. The transaction includes a permanent loan amounting to $5,070,000.

Summary of transaction details:

The deal is represented by brokers Dakota Brown, Dan Dratch, Ethan Krauss, and Ryan Wold from Franklin Street, highlighting their role in facilitating this multifamily transaction and ensuring the interests of the landlord were addressed throughout the loan process.

Players

Dan Dratch
48 deals$267.8M volume
BROKER

Ryan Wold
Franklin Street
40 deals$210.5M volume(954) 312-1678
BROKER

Ethan Krauss
Marcus & Millichap
21 deals$69.6M volume(954) 245-3503
BROKER

Dakota Brown
Franklin Street
5 deals$32.4M volume(813) 839-7300
BROKER

Details

FINANCED
IMAGE: Dan Dratch, Dakota Brown, Ethan Krauss & Ryan Wold DATE: 03/06/2025 ADDRESS: 8740 Northwest 40th Street MARKET: Coral Springs ASSET TYPE: Multifamily ~ UNITS: 30 ~ SF: 43,733 LANDLORD: Mark Mittal BROKERS: Dakota Brown (@DM_Brown), Dan Dratch (@Big_Smoothie_), Ethan Krauss (@EthanKrauss) & Ryan Wold (@DJSunsett) - Franklin Street (@FranklinStreet.CRE) LOAN AMOUNT: $5,070,000 LOAN TYPE: Permanent loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,700,000.00

Monthly NOI$38,000.00
Monthly Debt Service$36,027.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00