Roberto J Perea & Doug Landry Of FinanceMiami Refinance Miami Beach MultiFamily Portfolio For $12.1M
$12,100,000
$346/SF
Building Size
34,958 SF
Asset Type
MultiFamily
Closing
Mar 31, 2023
AI
A multi-family portfolio in Miami Beach has been refinanced for a loan amount of $12,100,000. The portfolio consists of 46 units with a total square footage of 34,958. The transaction took place on March 31, 2023, and was facilitated by Roberto J Perea and Doug Landry from FinanceMiami.
Summary of transaction details:
- Property Type: MultiFamily Portfolio
- Transaction Amount: $12,100,000
- Market: Miami Beach
- Units: 46
- Square Footage: 34,958
Roberto J Perea and Doug Landry from FinanceMiami played a key role in securing the refinancing loan for the multi-family portfolio in Miami Beach. Their expertise in the market and financing strategies were instrumental in facilitating the transaction.
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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93