Banesco USA Provides $31.3M Loan For Development Site In Miami-Dade County
1101 NW 57th Ave, Miami, FL 33126, USA
$31,300,000
$495/SF
Building Size
63,120 SF
Asset Type
Development Site
Closing
Jun 16, 2020
AI
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.
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
0.51%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93