Multi-Family Property – Miami, FL

Miami, FL

Property: Eight-unit multi-family building 
Deal Type:
Loan Amount: $750,000

The subject property is an eight-unit multifamily building in Miami, Florida within the Miami-Miami Beach-Kendall, FL metropolitan statistical area. The property was built in 1958 and fully renovated in 2018-2019. The sponsor needed to refinance and close in a timely manner, as his first mortgage and construction loan were maturing.

Stronghill met the sponsor’s deadline – as a result, he did not incur any penalties from his former lender.  Additionally, he was able to lower his interest rate significantly, improving his monthly cash flow. 

See more of our recently closed deals.