Toll Brothers And CanAm Capital Secure $103M Construction Loan For Miami Student Housing
765 Southwest 110th Avenue, Miami, FL 33174, USA
$103,000,000
$1,366/SF
Building Size
75,358 SF
Asset Type
Other
Closing
Oct 25, 2021
About this deal
AI
The student housing property located at 765 SW 110th Avenue in Miami has been involved in a closed transaction.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $103,000,000
- Address: 765 SW 110th Avenue
- Market: Miami
- Asset Type: Student Housing
- Acres: 1.72
- Lender: Ocean Bank
- Landlord: Toll Brothers - Douglas C. Yearley, Jr. & CanAm Capital
The transaction involves a construction loan with Ocean Bank providing a loan amount of $103,000,000. Toll Brothers, represented by Douglas C. Yearley, Jr. and CanAm Capital, acts as the landlord in this deal.
On the Map
$103,000,000
$1,366/SF
Other
View full map
Players
Miami Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93