Updated May 12, 2025
Nexos Invest Provides $7.35M Construction Loan To Landlord Miguel Zinguer For Multifamily Asset
Southeast 4th Street
$7,350,000
$150/SF
Building Size
48,727 SF
Asset Type
MultiFamily
Closing
Feb 3, 2025
About this deal
AI
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.
On the Map
$7,350,000
$150/SF
MultiFamily
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Players
Hallandale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.16%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93