Updated Oct 29, 2024
Churchill Real Estate Provides $755,000 Acquisition Loan For Single Family Property In Surfside
8835 Hawthorne Avenue, Surfside, FL, USA
$755,000
$134/SF
Building Size
5,600 SF
Asset Type
Single Family Residence
Closing
Apr 14, 2021
About this deal
AI
A single family property located at 8835 Hawthorne Avenue in Surfside was recently acquired. The acquisition was funded by a loan from Churchill Real Estate in the amount of $755,000.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $755,000
The landlords of the property are Lee Cohen and Arash Gohari, who represent Joya Property Group. The broker involved in the transaction was Max Ralby from HKS Real Estate Advisors.
It is worth noting that HKS arranged a $10 million credit facility for Joya Property Group's single-family-residential fix and flip strategy in the Greater Miami Market. This transaction represents the second closed deal within this facility. Joya Property Group has several more acquisitions under contract pending closing. For similar acquisition and value-add opportunities, interested parties can reach out to the partners at Joya Property Group.
On the Map
$755,000
$134/SF
Single Family Residence
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Players
Surfside Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.01%
Cash-on-Cash
-6.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93