S3 Capital Partners Provides $5.8M Acquisition Loan For Miami Beach Multifamily Property
$5,800,000
$320/SF
Building Size
18,100 SF
Asset Type
MultiFamily
Closing
Sep 23, 2022
AI
A multifamily property with 32 units and a total square footage of 18,100 was recently involved in a loan transaction in Miami Beach. The loan was provided by S3 Capital Partners, with Robert Schwartz and Steven Jemal representing the lending company. The loan amount for this acquisition was $5,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Units: 32
- Square Footage: 18,100
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
The deal was facilitated by Adrian Edery and Sara Frankel of Paradigm Commercial Real Estate, who acted as brokers in the transaction.
Players
Miami Beach 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93