Updated Oct 28, 2024
S3 Capital Partners Provides $2.16M Acquisition Loan For Hialeah Development Site
1067 East 25th Street
$2,160,000
$78/SF
Building Size
27,360 SF
Asset Type
Development Site
Closing
Oct 7, 2022
About this deal
AI
A development site located in Hialeah, with a total square footage of 27,360 and a potential to build 127 units, has been involved in a recent transaction.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: $2,160,000
- Loan Type: Acquisition Loan
- Lender: S3 Capital Partners - Robert Schwartz & Steven Jemal
S3 Capital Partners, represented by Robert Schwartz and Steven Jemal, acted as the lender in this transaction.
For any loan inquiries related to this transaction, please contact Steven Jemal at [email protected].
Players
Hialeah 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
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93