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Churchill Real Estate Provides $1.26M Loan For Joya Property Group's Surfside Multifamily Acquisition

300 Surfside Boulevard
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This MultiFamily property located in FL received a loan of $1,256,250 almost 3 years ago. The broker of the deal was Max Ralby

The property involved in the transaction is a multifamily asset located at 300 Surfside Blvd in Surfside. The acquisition was financed by a loan from Churchill Real Estate. The loan amount for the transaction was $1,256,250.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,256,250
  • Address: 300 Surfside Blvd
  • Market: Surfside

The landlords involved in the transaction are Lee Cohen and Arash Gohari from Joya Property Group. Max Ralby from HKS Real Estate Advisors represented the buyers as the broker. The deal marks the first closed transaction for the newly formed partnership within the $10 million credit facility arranged by HKS for Joya Property Group's single-family-residential fix and flip strategy in the Greater Miami Market.

Joya Property Group plans to convert the multifamily asset at 300 Surfside into a luxury single-family home. This deal presents an opportunity for similar acquisition and value-add projects, and interested parties can reach out to Joya Property Group for further details.

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Deals
  • Location
    300 Surfside Blvd, Surfside, FL, USA300 Surfside Blvd, Surfside, FL, USA
  • Loan Value
    $1,256,250$1,256,250
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency, 1 Lender1 Broker, 1 Agency, 1 Lender

Agent

Max Ralby

Max Ralby

Deals36
Financed$478.8M

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

Churchill Real Estate

Churchill Real Estate

Lender
Deals16
Volume$ 25.8B

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Deal Summary

LOAN IMAGE: Lee Cohen, Max Ralby & Arash Gohari DATE: 04/08/2021 ADDRESS: 300 Surfside Blvd MARKET: Surfside ASSET TYPE: Multifamily LOAN TYPE: Acquisition LENDER: Churchill Real Estate LANDLORD: Lee Cohen @TheLeeCohen & Arash Gohari @ArashGohari - Joya Property Group BROKERS: Max Ralby - @MaxRalby - HKS Real Estate Advisors LOAN AMOUNT: $1,256,250 NOTE: HKS arranged a $10mm credit facility for Joya Property Group's single-family-residential fix and flip strategy in the Greater Miami Market. Joya's plan is to convert the multifamily asset located at 300 Surfside into a luxury single-family home. This is the first closed transaction for the newly formed partnership within this facility. There are several more under contract pending closing. Please feel free to reach out to the partners at Joya for any similar acquisition/value add opportunities.

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300 Surfside Boulevard

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