Nexos Invest Provides $7.35M Construction Loan To Landlord Miguel Zinguer For Multifamily Asset
FINANCED
$7,350,000
Florida
See Similar DealsMultiFamily48,727 SF
Financed 02/03/2025
FINANCED
Nexos Invest Provides $7.35M Construction Loan To Landlord Miguel Zinguer For Multifamily Asset
Southeast 4th Street
See Similar DealsMultiFamily48,727 SF
Financed 02/03/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$150
Total Square Footage:48,727 SF
Transaction Type:Loan
The asset involved in this transaction is a multifamily property located at 213-217 Southeast 4th Street in Hallandale Beach. This property encompasses 35 units and has a total square footage of 48,727. The lender for this deal is Nexos Invest, which is providing a construction loan amounting to $7,350,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,350,000
- Units: 35
- Square Footage: 48,727
- Address: 213-217 Southeast 4th Street
- Market: Hallandale Beach
- Lender: Nexos Invest
- Lender’s Representatives: Carlos Vazquez, Mauricio Ordonez, Gaston Schneider
- Landlord: Miguel Zinguer
The key individuals involved in this transaction include lenders Carlos Vazquez, Mauricio Ordonez, and Gaston Schneider, who represent Nexos Invest in the loan agreement. The landlord for the property is identified as Miguel Zinguer, who is the owner associated with this multifamily asset transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,350,000.00
Monthly NOI$49,000.00
Monthly Debt Service$46,457.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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