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1315 Northeast Miami Court

Joe Moser & Mark Simon Of Benmark Capital Provide $6.3M Refinance For Miami Development Site
FINANCEDDevelopment Site

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker

Mark Simon

Lender

$109.7M

vol

7 deals

Lender
Benmark Capital
Benmark CapitalLender

Miami 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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93