Equitas Capital Group Arranges $1.14M Acquisition Loan For Miami Package Deal
3270 Northwest 36th Street, Miami, FL, USA
$1,140,000
$114/SF
Building Size
10,000 SF
Asset Type
Other
Closing
Oct 26, 2021
About this deal
AI
Equitas Capital Group, led by broker Alex Leykind, has facilitated a package deal involving three properties in Miami. The properties, located at 3270 NW 36th Street, 3288 NW 36th Street, and 3267 NW 35th Street, offer a combined square footage of approximately 10,000 square feet.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $1,140,000
- Loan Type: Acquisition
- Loan Terms: 3.85% rate, 15 years fixed, 20-year amortization, 5 4 3 2 1 prepay
The loan for this transaction was provided by Equitas Capital Group. The loan amount of $1,140,000 will support the acquisition of the package deal. The loan terms include a fixed interest rate of 3.85% for 15 years, with a 20-year amortization schedule. Additionally, there is a prepayment option with a gradual reduction of the prepayment penalty each year.
Equitas Capital Group prides itself on offering customized solutions to meet clients' commercial financing needs. Their dedicated team of experts utilizes market-leading technology to secure loans with low rates and attractive benefits. With a focus on efficiency, Equitas ensures a satisfactory transaction experience for their clients. For more information or assistance with commercial financing needs, contact Equitas Capital Group at 646.637.7510.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.91%
Cash-on-Cash
-3.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93