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777 Northwest 155th Lane

Valley National Bank Provides $30 Million Refinance For YMP Real Estate Management's Park Towers
FINANCEDMultiFamily

Valley National Bank Provides $30 Million Refinance For YMP Real Estate Management's Park Towers

777 Northwest 155th Lane

$30,000,000

$133/SF

Building Size

224,519 SF

Asset Type

MultiFamily

Closing

Aug 7, 2026

AI

The property involved in the transaction is a 210-unit multifamily asset located at 777 Northwest 155th Lane in Miami, FL. The total square footage of the property is 224,519. The refinancing amount secured for this asset is $30,000,000, with Valley National Bank providing a fixed-rate loan.

Summary of transaction details:

YMP Real Estate Management has owned the Park Towers apartment community since 2012 and has implemented a long-term value-add strategy to reposition the property successfully. The refinancing transaction was arranged by Meridian Capital Group, represented by brokers David Hayum and Michael Farkovits.

Players

David Hayum

Meridian Capital Group

Broker

$880.5M

vol

22 deals

Broker
Valley National Bank
Valley National BankLender

Moshe Popack

YMP Real Estate Management

Landlord

$87.2M

vol

4 deals

Landlord

Northwest Bethel 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93