Madar Group USA's David-Emmanuel Cohen Secures $18M Construction Loan From Maxim Capital In Miami Beach
1003 Links Dr
$18,000,000
Building Size
—
Asset Type
Development Site
Closing
Jun 12, 2025
AI
The property asset involved in this transaction is a development site located at 1003 Links Dr in the Miami Beach market. The loan amount secured for this property is $18,000,000, classified as a construction loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $18,000,000
- Lender: Adam Glick, Josh Greene & Billy Haber - Maxim Capital
- Landlord: David-Emmanuel Cohen - Madar Group USA
- Landlord's Representative: Jonathan Aghravi & Noam Katz - JBA Equities
- Loan Type: Construction
This transaction includes the notable involvement of Adam Glick, Josh Greene, and Billy Haber from Maxim Capital, who are the lenders for the construction loan. The landlord is represented by Jonathan Aghravi and Noam Katz of JBA Equities, emphasizing their role in facilitating the transaction on behalf of David-Emmanuel Cohen from Madar Group USA.
Players
Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93