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1155 Northeast 126th Street...

Omega Real Estate Management Secures $100M Construction Loan For 358-Unit Multifamily In North Miami With Lender Churchill Real Estate. Berkadia Brokers Deal
FINANCEDMultiFamily

Omega Real Estate Management Secures $100M Construction Loan For 358-Unit Multifamily In North Miami With Lender Churchill Real Estate. Berkadia Brokers Deal

1155 Northeast 126th Street, North Miami, Florida 33161, United States

$100,000,000

$53,995/SF

Building Size

1,852 SF

Asset Type

MultiFamily

Closing

Jun 23, 2022

AI

The loan for a multifamily property located at 1155 NE 126th St in North Miami has closed. The property consists of 358 units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $100,000,000
  • Loan Type: Construction

The lender for this transaction was Churchill Real Estate, represented by Jeff Rosenfeld and Sean Robertson. The landlord of the property is Omega Real Estate Management, with representatives Sebastien Scemla, Shawn Chemtov, Anthony Hodes, John Carlos Lago, and Juan Carlos Lago. The brokers involved in the deal were Charles Foschini, Chris Apone, and Robert Iudice from Berkadia.

Players

Charles Foschini

Berkadia

Broker

$3.3B

vol

59 deals

Broker
Churchill Real Estate
Churchill Real EstateLender

North Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93