Related Group Secures $80.8M Construction Loan For Hollywood Multifamily Project
SEC Stirling Road & Compass Way
$80,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 20, 2022
AI
The multifamily property located at SEC Stirling Road & Compass Way in Hollywood, FL has recently undergone a loan transaction. The property spans across 26.7 acres and consists of 420 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $80,800,000
- Loan Type: Construction Loan
Regions Bank provided a construction loan in the amount of $80,800,000 for the property. The loan was secured by the landlord, Related Group, represented by Jorge Perez and Jon Paul Perez.
Players
Everglades City 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93