facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Loan

/

Southeast 4th Street

Nexos Invest Provides $7.35M Construction Loan To Landlord Miguel Zinguer For Multifamily Asset
FINANCEDMultiFamily

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

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.

Players

Gaston Schneider

Lender

$91.9M

vol

8 deals

Lender
Nexos Invest
Nexos InvestLender

Hallandale 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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93