Wells Fargo Provides $26.3M Loan For Development Site In Hialeah Gardens
FINANCED
$26,300,000
Florida
See Similar DealsDevelopment Site3,122,510 SF
Financed 06/22/2020
FINANCED
Wells Fargo Provides $26.3M Loan For Development Site In Hialeah Gardens
14501 NW 109th Terrace, Hialeah Gardens, FL 33018, USA
See Similar DealsDevelopment Site3,122,510 SF
Financed 06/22/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$8
Total Square Footage:3,122,510 SF
Transaction Type:Loan
A development site located at 14501 N.W. 109th Avenue in Hialeah Gardens, Miami has recently been involved in a transaction. The property has a building size of 312,251 square feet and is categorized as a development site.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $26,300,000
- Lender: Wells Fargo
- Landlord: Foundry Commercial – Paul Ellis
Wells Fargo provided a loan amount of $26,300,000 for the development site transaction. Foundry Commercial, represented by Paul Ellis, acts as the landlord in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,300,000.00
Monthly NOI$175,333.33
Monthly Debt Service$166,233.89
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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