Linkvest Capital Closes $5.8 Million Construction Loan For Deerfield Beach Multifamily Property
FINANCED
$5,800,000
Florida
See Similar DealsMultiFamily14,239 SF
Financed 08/07/2024
FINANCED
Linkvest Capital Closes $5.8 Million Construction Loan For Deerfield Beach Multifamily Property
Northeast 19th Avenue
See Similar DealsMultiFamily14,239 SF
Financed 08/07/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$407
Total Square Footage:14,239 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily unit located at 561 & 565 NE 19th Ave in Deerfield Beach, comprising 2 units and a total square footage of 14,239. The transaction under consideration involves a construction loan amounting to $5,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,800,000
- Address: 561 & 565 NE 19th Ave
- Market: Deerfield Beach
- Units: 2
- Square Footage: 14,239
- Lender: Alen Hernandez, Camilo Niño & Ricardo Uribe - Linkvest Capital
- Landlord: Ann E. Dearie-Jacobs
- Loan Type: Construction
The individuals involved in this deal include the lending team of Alen Hernandez, Camilo Niño, and Ricardo Uribe, who are affiliated with Linkvest Capital. The landlord in this transaction is Ann E. Dearie-Jacobs, indicating the roles each party plays in this loan arrangement.
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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