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3400 Coral Springs Drive, C...

Greystone Servicing Provides $53.3M Loan For Coral Springs Townhouse Complex
FINANCEDOther

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

Greystone
GreystoneLender

Krishna Persaud

Landlord

$77.4M

vol

2 deals

Landlord

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