FINANCED
Trez Capital Provides $78.2M Construction Loan For Allapattah Multifamily Project
1625 Northwest 20th Street
MultiFamily
222,262 SF
222,262 SF
Financed 1 year ago
Summary
Loan
FLORIDA
MultiFamily
222,262 sqft
The multifamily property located at 1625 NW 20th Street in Allapattah has been involved in a recent closed transaction. The property features a total of 323 units and spans over 222,262 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $78,197,393
- Market: Allapattah
- Units: 323
- Square Footage: 222,262
The loan for this transaction was provided by Trez Capital, with Ben Jacobson representing the lending company. The loan amount totaled $78,197,393 and belonged to the construction loan category. The loan terms included a 36-month duration, with an option to extend for an additional 12 months. Throughout the loan term, the borrower was required to make interest-only payments.
Neology Life Development Group, represented by Lissette Calderon, served as the landlord in this transaction. The brokers involved in the deal were Charles Foschini and Chris Apone from Berkadia.
Players
All
4
Agents
2
Agencies
1
Lenders
1
Details
FINANCED
IMAGE: Ben Jacobson, Charles Foschini, Lissette Calderon & Chris Apone
DATE: 10/12/2021
ADDRESS: 1625 NW 20th Street
MARKET: Allapattah
ASSET TYPE: Multifamily ~ UNITS: 323 ~ SF: 222,262
LENDER: Trez Capital (@TrezCapital) - Ben Jacobson
LANDLORD: Neology Life Development Group (@NeologyLife) - Lissette Calderon
BROKERS: Charles Foschini (@GladesMan1) & Chris Apone - Berkadia
LOAN AMOUNT: $78,197,393
LOAN TYPE: Construction
LOAN TERMS: 36-month loan, with a one 12-month extension option and full-term interest only.View on map
Loading...
Address1625 Northwest 20th Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want