Talcott Resolution Life Insurance Provides $28M Construction Loan For Development Site In Dania Beach
FINANCED
$28,000,000
Florida
See Similar DealsDevelopment Site171 SF
Financed 02/08/2022
FINANCED
Talcott Resolution Life Insurance Provides $28M Construction Loan For Development Site In Dania Beach
2200 Northeast 7th Avenue
See Similar DealsDevelopment Site171 SF
Financed 02/08/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$163,742
Total Square Footage:171 SF
Transaction Type:Loan
Located at 2200 Northeast Seventh Avenue in Dania Beach, this 22.4-acre development site was recently involved in a closed transaction. The property, with a building square footage of 171,000, is situated in a prime location within the market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,000,000
- Market: Dania Beach
- Building Square Footage: 171,000
- Lot Size: 22.4 acres
In this deal, the lender, Talcott Resolution Life Insurance, provided a construction loan of $28,000,000. The landlord, Bridge Industrial, represented by Steve Poulos & Kevin Carroll, facilitated the transaction. The involvement of these key individuals and companies highlights the collaborative efforts behind the successful completion of the deal.
Players
BROKERAGE
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
$28,000,000.00
Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions