Banesco USA Provides $31.3M Loan For Development Site In Miami-Dade County
FINANCED
$31,300,000
Florida
See Similar DealsDevelopment Site63,120 SF
Financed 06/17/2020
FINANCED
Banesco USA Provides $31.3M Loan For Development Site In Miami-Dade County
1101 NW 57th Ave, Miami, FL 33126, USA
See Similar DealsDevelopment Site63,120 SF
Financed 06/17/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$495
Total Square Footage:63,120 SF
Transaction Type:Loan
A development site located at 1101 Northwest 57th Avenue in Miami-Dade County has been involved in a loan transaction. The lender, Banesco USA, provided a loan amount of $31,300,000 for this property asset.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $31,300,000
- Address: 1101 Northwest 57th Avenue, Miami-Dade County
Baywood Hotels, represented by Al Patel, is the landlord of this development site. There are no additional details available regarding the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,300,000.00
Monthly NOI$208,666.67
Monthly Debt Service$197,837.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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