United Capital's Adam J. Tiktin Secures $9,000,000 Refinance Loan From Metropolitan Commercial Bank For Commercial Asset In Miami Gardens
19960 Northwest 2nd Avenue
$9,000,000
$158/SF
Building Size
56,841 SF
Asset Type
Commercial
Closing
Jul 15, 2026
AI
The asset involved in the transaction is a commercial property located at 19960 Northwest 2nd Avenue in Miami Gardens, featuring a total square footage of 56,841. The loan amount secured for this property is $9,000,000, which is a refinance loan.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $9,000,000
- Lender: Metropolitan Commercial Bank
- Landlord: United Capital - Adam J. Tiktin
- Loan Type: Refinance
The key individuals involved in the transaction include Adam J. Tiktin, representing the landlord United Capital. The loan was provided by Metropolitan Commercial Bank, facilitating the refinancing process for the commercial property.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93