FINANCED
Marcus & Millichap Capital Corp Secures $2.26M Loan For 19-Unit Multifamily Property In Hollywood
2418 Polk Street
MultiFamily
Financed 305 days ago
Summary
Loan
INDIANA
MultiFamily
Marcus & Millichap Capital Corporation (MMCC) has secured $2,264,000 in financing for Polk Place Apartments, a 19-unit multifamily property located at 2418 Polk Street in Hollywood, Florida. The property is in the Hollywood market and features 19 residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,264,000
- Units: 19
The financing for Polk Place Apartments was arranged by Steven Goldwyn and David Purisch of MMCC's Fort Lauderdale office. The loan terms include a 5-year financing period with a 6.05% interest rate and a 30-year amortization period. There will be 12 months of interest-only payments before the principal payments begin.
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Details
FINANCED
IMAGE: Steven Goldwyn & David Purisch
DATE: 04/26/2023
ADDRESS: 2418 Polk St
MARKET: Hollywood
ASSET TYPE: Multifamily ~ UNITS: 19
BROKERS: Steven Goldwyn & David Purisch - Marcus & Millichap Capital Corporation
LOAN AMOUNT: $2,264,000
LOAN TERMS: 5-year financing include a 6.05% interest rate, 30-year amortization and 12-months IO
NOTE: Marcus & Millichap Capital Corporation (MMCC) has secured $2,264,000 in financing for Polk Place Apartments, a 19-unit multifamily property located at 2418 Polk Street in Hollywood, Florida. Steven Goldwyn and David Purisch of MMCC’s Fort Lauderdale office arranged the financing, which has a 6.05% interest rate, a 30-year amortization period, and 12 months of IO.View on map
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Address2418 Polk Street
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