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Vaster Provides $3.7M Refinance Loan For Edgewater Condo At 700 NE 25th St, Miami

Property Image
FINANCED
$3,700,000
Berk Ocal
GF
Ken Klein

Florida

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10,823 SF
Financed 05/31/2022
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Property Image
FINANCED

Vaster Provides $3.7M Refinance Loan For Edgewater Condo At 700 NE 25th St, Miami

700 Northeast 25th Street, Miami, Florida

See Similar Deals
10,823 SF
Financed 05/31/2022
Berk Ocal
GF
Ken Klein
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$341
Total Square Footage:10,823 SF
Transaction Type:Loan

The property involved in this transaction is a condo located at 700 NE 25th St in Edgewater, Miami. The condo spans approximately 10,823 square feet.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Date: 05/31/2022
  • Address: 700 NE 25th St
  • Market: Edgewater, Miami
  • Loan Type: Refinance
  • Loan Amount: $3,700,000
  • Loan Terms: Commercial Bridge Loan

The lender in this transaction is vaster''>Vaster, represented by George Fraguio. The brokers involved are Ken Klein and Berk Ocal, representing Q Kapital.

Players

Berk Ocal
OCAL Capital
Berk Ocal
5 deals$18.1M volume(561) 704-6478
BROKER
Berk Ocal
OCAL Capital
Berk Ocal
5 deals$18.1M volume(561) 704-6478
BROKER
Ken Klein
Klein Kapital Advisors
Ken Klein
5 deals$122.5M volume
BROKER
Vaster
Vaster
BROKERAGE
GF
Vaster
George Fraguio
3 deals$10.2M volume
LENDER
GF
George Fraguio
3 deals$10.2M volume
LENDER
Vaster
Vaster
LENDER

Details

FINANCED
IMAGE: Ken Klein, Berk Ocal & George Fraguio DATE: 05/31/2022 ADDRESS: 700 NE 25th St MARKET: Edgewater, Miami ASSET TYPE: Condo ~ SF: 10,823 LENDER: Vaster (@VasterMortgage) - George Fraguio (@Capitalsavant) BROKERS: Ken Klein (@Kleinmortgage) & Berk Ocal (@BerkOcal) - Q Kapital (@QKapitalCommercial) LOAN AMOUNT: $3,700,000 LOAN TYPE: Refinance LOAN TERMS: Commercial Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,700,000.00

Monthly NOI$24,666.67
Monthly Debt Service$23,386.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00