Updated Oct 12, 2026
Bruce Eichner Secures $25 Million Refinance Loan From Mark Simon, Joe Moser & Marshall Dickson In North Bay Village
1755 John F Kennedy Causeway
$25,000,000
$67/SF
Building Size
370,000 SF
Asset Type
Development Site
Closing
Apr 17, 2025
About this deal
AI
A development site located at 1755 John F Kennedy Causeway in North Bay Village has a total square footage of 370,000. The property is involved in a refinance loan transaction amounting to $25,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $25,000,000
- Lender: Mark Simon, Joe Moser & Marshall Dickson - Benmark Capital
- Landlord: Bruce Eichner
- Loan Type: Refinance
Benmark Capital, regarded as Miami's premier balance sheet lender, is actively financing bridge loans across the East Coast. The key individuals involved in this transaction include Bruce Eichner as the landlord and the lending team of Mark Simon, Joe Moser, and Marshall Dickson from Benmark Capital.
On the Map
$25,000,000
$67/SF
Development Site
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Players
Miami Beach Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93