Joe Moser & Mark Simon Of Benmark Capital Provide $6.3M Refinance For Miami Development Site
1315 Northeast Miami Court
$6,300,000
$350/SF
Building Size
17,969 SF
Asset Type
Development Site
Closing
May 28, 2025
AI
The asset involved is a development site located at 1315 Northeast Miami Court in Miami, covering a total area of 17,969 square feet. The refinance for this property amounts to $6,300,000, enhancing its potential in a prime location.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,300,000
- Address: 1315 Northeast Miami Court
- Market: Miami
- Asset Size: 17,969 SF
- Loan Type: Refinance
- Lender: Joe Moser & Mark Simon - Benmark Capital
- Brokers: Isaac Filler, Yossi Koschitzki & Michael Neumann - Filler Capital
This refinance positions the Signature Park Arts Site for its next chapter as a transformative development in a rapidly growing area. The deal prominently involves Joe Moser and Mark Simon from Benmark Capital as lenders, while brokers Isaac Filler, Yossi Koschitzki, and Michael Neumann from Filler Capital facilitate the transaction.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93