facebook
Traded Co logo
Submit

UC Funds Provides $9.6M Bridge Loan For Miami Multifamily Property With Landlord Armando Bardisa As Borrower

Property Image
FINANCED
$9,600,000
Viante Fruit
AB

Florida

See Similar Deals
MultiFamily35,000 SF
Financed 07/20/2023
the dealplayerscompscontact
Property Image
FINANCED

UC Funds Provides $9.6M Bridge Loan For Miami Multifamily Property With Landlord Armando Bardisa As Borrower

MultiFamily35,000 SF
Financed 07/20/2023
Viante Fruit
AB
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$274
Total Square Footage:35,000 SF
Transaction Type:Loan

A multi-family property in Miami with 72 units and approximately 35,000 square feet of space has recently undergone a loan transaction. The loan was facilitated by UC Funds and brokered by Viante Fruit. The borrower, Armando Bardisa, secured a bridge loan amounting to $9,600,000. The loan terms are set at 24 months fixed with an interest rate based on SOFR + 360.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $9,600,000
  • Units: 72
  • Square Footage: 35,000
  • Market: Miami
  • Lender: UC Funds
  • Landlord: Armando Bardisa
  • Mortgage Broker: Viante Fruit
  • Loan Type: Bridge Loan
  • Loan Terms: 24 Month Fixed - SOFR + 360

This transaction involved key individuals and companies, such as Armando Bardisa as the property's landlord and Viante Fruit as the mortgage broker. UC Funds served as the lender in this bridge loan deal, providing financing for the multi-family property located in Miami.

Players

Viante Fruit
Viante Fruit
1 deal$9.6M volume(216) 551-8656
BROKER
UC Funds
UC Funds
LENDER
AB
Armando Bardisa
2 deals$17.9M volume
LANDLORD

Details

FINANCED
IMAGE: Viante Fruit DATE: 07/20/2023 MARKET: Miami ASSET TYPE: MultiFamily ~ UNITS: 72 ~ SF: 35,000 LENDER: UC Funds (@UCFundsLLC) LANDLORD: Armando Bardisa MORTGAGE BROKER: Viante Fruit (@viantef) LOAN AMOUNT: $9,600,000 LOAN TYPE: Bridge Loan LOAN TERMS: 24 Month Fixed - SOFR + 360

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$9,600,000.00

Monthly NOI$64,000.00
Monthly Debt Service$60,678.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00