facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

1250 West Avenue

Updated Sep 9, 2025

Terra Group And JDS Secure $98 Million Acquisition Loan For Development Site In Miami Beach
FINANCEDDevelopment Site

Terra Group And JDS Secure $98 Million Acquisition Loan For Development Site In Miami Beach

1250 West Avenue

$98,000,000

Building Size

—

Asset Type

Development Site

Closing

Aug 28, 2025

About this deal

AI

The asset involved in this transaction is a development site located at 1250 West Avenue, Miami Beach, FL. The transaction involves a loan amount of $98,000,000, structured as an acquisition loan.

Summary of transaction details:

The transaction features key participants including David Martin representing Terra Group and Michael Stern from JDS, both involved as landlords in this deal. The brokers facilitating the transaction are Aaron Appel, Sean Bastian, Michael Diaz, Keith Kurland, and Jonathan Schwartz from Walker & Dunlop, working on behalf of the involved parties.

On the Map

Open live map

$98,000,000

Development Site

View full map

Players

Aaron Appel

Walker & Dunlop

Broker

$35.7B

vol

209 deals

Broker
Walker & Dunlop
Walker & DunlopBrokerage
Northwind Group
Northwind GroupLender
David Martin

David Martin

Terra

Landlord

$2.6B

vol

34 deals

Landlord
JDS Development Group
JDS Development GroupLandlord
Ran Eliasaf

Ran Eliasaf

Originator

$2.3B

vol

18 deals

Originator
Bilt advertisement

Miami Beach Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Visit Sean Bastian to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets