Javier Herrera & Nick Sumpter Of FSCA Refinance $10M Loan On Miami Development Site
FINANCED
$10,000,000
Florida
See Similar DealsDevelopment Site
Financed 03/01/2024
FINANCED
Javier Herrera & Nick Sumpter Of FSCA Refinance $10M Loan On Miami Development Site
1515 Northwest South River Drive
See Similar DealsDevelopment Site
Financed 03/01/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The development site located at 1515 Northwest South River Drive in Miami, boasting a buildable square footage of 72,500, recently underwent a refinancing process amounting to $10,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $10,000,000
- Address: 1515 Northwest South River Drive
- Market: Miami
- Asset Type: Development Site
- BSF: 72,500
- Brokers: Javier Herrera & Nick Sumpter - FSCA
- Loan Type: Refinance
Javier Herrera and Nick Sumpter from FSCA were the brokers who facilitated the $10,000,000 refinancing of the development site at 1515 Northwest South River Drive in Miami.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$10,000,000.00
Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions