Updated Oct 16, 2026
Rental Asset Management Secures $22,532,000 Acquisition Loan From Berkadia For Portfolio In Hialeah
909 East 24th Street & 1355 West 53rd Street
$22,532,000
Building Size
—
Asset Type
Package Deal
Closing
Sep 30, 2026
About this deal
AI
The transaction involves a package deal/portfolio located at 909 East 24th Street & 1355 West 53rd Street in the Hialeah market. The total loan amount for this acquisition is $22,532,000. The asset is characterized as a rental property, focusing on its acquisition for management purposes.
Summary of transaction details:
- Property Type: Package Deal / Portfolio
- Transaction Amount: $22,532,000
- Lender: Berkadia
- Borrower: Rental Asset Management
- Landlord's Representatives: Matthew Robbins, Mitch Sinberg, Brad Williamson, Scott Wadler & Hugo Hernandez - Berkadia
This transaction encompasses key representatives from Berkadia, who facilitated the loan process, highlighting their involvement as landlord's agents in the deal. Their collaboration is crucial in managing the acquisition for Rental Asset Management, ensuring a smooth transaction process in the Hialeah market.
On the Map
$22,532,000
Package Deal
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Hialeah Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93