Updated Mar 3, 2026
Maxim Capital Provides $10.25M Construction Loan For 40-Unit Multifamily In Hollywood
1840-1850 Monroe Street, Hollywood Fl
$10,250,000
$205/SF
Building Size
50,000 SF
Asset Type
MultiFamily
Closing
Apr 19, 2023
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 1840-1850 Monroe Street in Hollywood. The property consists of 40 units and spans approximately 50,000 square feet.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $10,250,000
- Address: 1840-1850 Monroe Street
- Market: Hollywood
- Units: 40
- Square Footage: 50,000
The loan for this transaction was provided by Maxim Capital. The loan type is a Construction Loan. Roberto Perea, Doug Landry, and Fergal Woods from FinanceMiami acted as the brokers in this deal.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93