S3 Capital Partners Provides $5.8M Acquisition Loan For Miami Beach Multifamily Property
FINANCED
$5,800,000
+ 1
Florida
See Similar DealsMultiFamily18,100 SF
Financed 09/23/2022
FINANCED
S3 Capital Partners Provides $5.8M Acquisition Loan For Miami Beach Multifamily Property
MultiFamily18,100 SF
Financed 09/23/2022
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$320
Total Square Footage:18,100 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,800,000.00
Monthly NOI$38,666.67
Monthly Debt Service$36,659.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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