Loan Amount: $1.9MM
Estimated Property Value: $3,450,000
Client Name: Melrose Apartments Fractured Condo
Property Type: Multi-Family
Loan Type: Refi-cash out
Term: 10 yr
This 30-unit, five-story, multi-family mid-rise condominium property located in Allapattah, FL has a unit mix which includes (15) 558 square foot 1BR/1BA units and (15) 768 SF 2BR/2BA units. The units total 19,890 square feet of GLA and the total site area is 21,086 square feet, or 0.48 acres. BGI Capital helped facilitate this loan closing on June 2018.