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:
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 777 Northwest 155th Lane
- Market: Miami, FL
- Units: 210
- Square Footage: 224,519
- Lender: Valley National Bank
- Landlord: Moshe Popack - YMP Real Estate Management
- Brokers: David Hayum & Michael Farkovits - Meridian Capital Group
- Loan Type: Refinance
- Loan Terms: Fixed-rate
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
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