Edwin Gelman & Britney Shenkman Of Hirshmark Capital Provide $4,250,000 Refinance Loan In North Miami Beach
16300 Northeast 19th Avenue
$4,250,000
Building Size
—
Asset Type
Development Site
Closing
Jun 12, 2026
AI
The property asset involved in the transaction is a development site located at 16300 Northeast 19th Avenue in North Miami Beach. The loan amount for the property has been set at $4,250,000, classified as a refinance loan.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,250,000
- Lender: Edwin Gelman & Britney Shenkman - Hirshmark Capital
- Landlord: Safe Harbor
- Loan Type: Refinance
The deal features loan representatives Edwin Gelman and Britney Shenkman from Hirshmark Capital, indicating a strategic financial maneuver in collaboration with the landlord, Safe Harbor.
Players
North Miami Beach 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93