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DNB Bank Provides $210M Loan For Development Site In Homestead

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FINANCED
$210,000,000
Faisal Kraziem
Elena Otero
Danielle Moore
+ 2

Florida

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Development Site390,000 SF
Financed 04/22/2020
the dealplayerscompscontact
Property Image
FINANCED

DNB Bank Provides $210M Loan For Development Site In Homestead

22275 Southwest 272nd Street

See Similar Deals
Development Site390,000 SF
Financed 04/22/2020
Faisal Kraziem
Elena Otero
Danielle Moore
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$538
Total Square Footage:390,000 SF
Transaction Type:Loan

A development site located at 22275 Southwest 272nd Street in Homestead has been involved in a closed transaction. The lender, DNB Bank, provided a loan amount of $210,000,000 for this project. The development site has a total square footage of 390,000 and is owned by Atlantic Sapphire, represented by Johan Andreassen and Bjorn-Vegard Lovik.

Summary of transation details

  • Property Type: Development site
  • Transaction Amount: $210,000,000
  • Address: 22275 Southwest 272nd Street
  • Market: Homestead

The deal was facilitated by the brokers Alberto Hernandez, Elena Otero, Faisal Kraziem, Brittany Fox, and Danielle Moore. They played a crucial role in connecting the lender, DNB Bank, with Atlantic Sapphire. The involvement of these brokers showcases their expertise in the real estate market.

Players

Alberto Hernandez
Alberto Hernandez
1 deal$210M volume(305) 789-7732
BROKER
Brittany Fox
Brittany Fox
1 deal$210M volume(214) 964-9418
BROKER
Danielle Moore
Danielle Moore
1 deal$210M volume
BROKER
Elena Otero
Elena Otero
1 deal$210M volume
BROKER
Faisal Kraziem
Faisal Kraziem
1 deal$210M volume
BROKER
DNB Bank
DNB Bank
LENDER

Details

FINANCED
IMAGE: Johan Andreassen, Alberto Hernandez, Elena Otero, Faisal Kraziem, Brittany Fox & Danielle Moore DATE: 04/23/2020 ADDRESS: 22275 Southwest 272nd Street MARKET: Homestead ASSET TYPE: Development site LENDER: DNB Bank LANDLORD: Atlantic Sapphire – Johan Andreassen & Bjorn-Vegard Lovik BROKERS: Alberto Hernandez, Elena Otero, Faisal Kraziem, Brittany Fox & Danielle […] LOAN AMOUNT: $210,000,000 BSF: 390,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$210,000,000.00

Monthly NOI$1,400,000.00
Monthly Debt Service$1,327,342.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00