Greystone Servicing Provides $53.3M Loan For Coral Springs Townhouse Complex
3400 Coral Springs Drive, Coral Springs, FL, USA
$53,300,000
$1,191/SF
Building Size
44,739 SF
Asset Type
Other
Closing
Aug 29, 2021
AI
The townhouse located at 3400 Coral Springs Drive in Coral Springs has recently undergone a loan transaction. The lender, greystone''>Greystone Servicing Company, provided a loan amount of $53,300,000 for this property. The townhouse is situated on approximately 6.7 acres of land.
Summary of transation details
- Property Type: Townhouse
- Transaction Amount: $53,300,000
- Address: 3400 Coral Springs Drive
- Market: Coral Springs
- Lender: Greystone Servicing Company
- Loan Amount: $53,300,000
- Acres: 6.7
The townhouse is owned by Atrium Square LLC, represented by Krishna Persaud. This loan transaction highlights the financial support provided by Greystone Servicing Company to Atrium Square LLC, enabling them to further invest in the property.
Players
Coral Springs Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93