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1755 John F Kennedy Causeway

Bruce Eichner Secures $25 Million Refinance Loan From Mark Simon, Joe Moser & Marshall Dickson In North Bay Village
FINANCEDDevelopment Site

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

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.

Players

Joe Moser

Broker

$220.2M

vol

10 deals

Broker

Mark Simon

Lender

$109.7M

vol

7 deals

Lender

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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93