Updated Nov 28, 2024
Related Group Secures $80.8M Construction Loan For Hollywood Multifamily Project
SEC Stirling Road & Compass Way
$80,800,000
Units
420
Asset Type
MultiFamily
Closing
Oct 20, 2022
About this deal
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.
The multifamily loan at SEC Stirling Road & Compass Way in Everglades City, Florida financed for $80.8M in 2022. Reported inventory is 420 units across 420 units. Named participants on the SEC Stirling Road & Compass Way loan are Jorge Pérez, Jon Paul Perez. This page is the Everglades City, Florida file for the SEC Stirling Road & Compass Way multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Everglades City sit in the Market section below. Filter that Everglades City multifamily set by closing date to see what else financed near SEC Stirling Road & Compass Way around 2022. Published consideration for SEC Stirling Road & Compass Way is $80.8M, dated 2022. Cite this Related Group Secures $80.8M Construction Loan For Hollywood Multifamily Project loan when underwriting similar multifamily product around Everglades City, Florida.
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