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429 Lenox Ave, Miami Beach,...

Updated Sep 5, 2024

429 Lenox Ave
FINANCED

429 Lenox Ave

429 Lenox Ave, Miami Beach, FL, 33139

$23,000,000

Building Size

—

Asset Type

—

Closing

Nov 20, 2023

About this deal

AI

No summary available.

The commercial loan at 429 Lenox Ave, Miami Beach, FL, 33139 in Miami Beach, Florida financed for $23M in 2024. Paul Stasaitis, Maxx Carney, JLL appear on the loan alongside JLL. This page is the Miami Beach, Florida file for the 429 Lenox Ave, Miami Beach, FL, 33139 commercial financed: pricing, party profiles, and other closed commercial comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach commercial set by closing date to see what else financed near 429 Lenox Ave, Miami Beach, FL, 33139 around 2024. Published consideration for 429 Lenox Ave, Miami Beach, FL, 33139 is $23M, dated 2024. Cite this 429 Lenox Ave loan when underwriting similar commercial product around Miami Beach, Florida.

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$23,000,000

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Players

Maxx Carney

Bellwether Enterprise (BWE)

Broker

$987M

vol

20 deals

Broker
Granite Point Mortgage Trust
Granite Point Mortgage TrustLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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