Updated Oct 29, 2024
S3 Capital Partners Provides $5.75M Construction Loan For East Little Havana Multifamily
$5,750,000
$310/SF
Building Size
18,500 SF
Asset Type
MultiFamily
Closing
Jan 4, 2023
About this deal
AI
An a 18,500 square foot multifamily property with 26 units located in East Little Havana, Miami has recently undergone a closed loan transaction. The loan amount for this transaction was $5,750,000, and it was a construction loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Market: East Little Havana, Miami
- Units: 26
- Square Footage: 18,500
S3 Capital Partners, represented by Robert Schwartz & Steven Jemal, provided the loan for this transaction. For any inquiries about the loan, please reach out to Steven Jemal at [email protected].
Players
Market 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93