Bruce Eichner Secures $25 Million Refinance Loan From Mark Simon, Joe Moser & Marshall Dickson In North Bay Village
FINANCED
$25,000,000
Florida
See Similar DealsDevelopment Site370,000 SF
Financed 04/18/2025
FINANCED
Bruce Eichner Secures $25 Million Refinance Loan From Mark Simon, Joe Moser & Marshall Dickson In North Bay Village
1755 John F Kennedy Causeway
See Similar DealsDevelopment Site370,000 SF
Financed 04/18/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$67
Total Square Footage:370,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,000,000.00
Monthly NOI$166,666.67
Monthly Debt Service$158,017.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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