Alejandro Chaberman & Jose Melul Secures $32.5 Million Construction Loan In Hallandale Beach
218 Southeast 7th Street
$32,500,000
$162/SF
Building Size
200,000 SF
Asset Type
Condo
Closing
Nov 6, 2026
About this deal
AI
The property asset involved in this transaction is a condominium located at 218 Southeast 7th Street in Hallandale Beach, encompassing a total square footage of 200,000. The transaction is associated with a construction loan valued at $32,500,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $32,500,000
- Lender: Steven Jemal - S3 Capital Partners
- Borrower: Alejandro Chaberman & Jose Melul - Kadima Developers
- Broker: Carlos Vázquez - Nexos Invest
The key individuals involved in this deal include lender Steven Jemal, who represents S3 Capital Partners, and borrower Alejandro Chaberman, along with Jose Melul, representing Kadima Developers. The transaction is brokered by Carlos Vázquez from Nexos Invest.
On the Map
$32,500,000
$162/SF
Condo
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Players
Hallandale Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93