Triarch Capital Group Subsidiary Refinances Medical Office In Pembroke Pines For $21.9M
FINANCED
$21,884,000
Florida
See Similar Deals91,955 SF
Financed 04/22/2022
FINANCED
Triarch Capital Group Subsidiary Refinances Medical Office In Pembroke Pines For $21.9M
400 North Hiatus Road, Pembroke Pines, Florida 33026, United States
See Similar Deals91,955 SF
Financed 04/22/2022
Summary
FLORIDA
Price Per Square Foot:$238
Total Square Footage:91,955 SF
Transaction Type:Loan
A medical office property located at 400-700 N Hiatus Rd in Pembroke Pines, Fort Lauderdale was involved in a recent transaction. The property spans approximately 91,955 square feet and is owned by a subsidiary of Triarch Capital Group.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $21,884,000
- Loan Type: Refinance
- Loan Terms: 7 year fixed-rate
The loan, amounting to $21,884,000, was provided by Bank United. The deal was facilitated by brokers Paul Ahmed and Mackenzie Lampman from CBRE.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,884,000.00
Monthly NOI$145,893.33
Monthly Debt Service$138,321.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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