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240 Southeast 14th Street

William Jacome Acquires Development Site In Miami For $4.7M Loan From Hirshmark Capital
FINANCEDDevelopment Site

William Jacome Acquires Development Site In Miami For $4.7M Loan From Hirshmark Capital

240 Southeast 14th Street

$4,675,000

$292/SF

Building Size

16,000 SF

Asset Type

Development Site

Closing

Jan 11, 2024

AI

An acquisition loan of $4,675,000 was secured for a development site located at 240 Southeast 14th Street in Miami. The property spans approximately 16,000 square feet and is owned by William Jacome. The lender for this transaction is Igor Vaysberg of Hirshmark Capital.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $4,675,000
  • Address: 240 Southeast 14th Street
  • Market: Miami
  • Lender: Igor Vaysberg - Hirshmark Capital
  • Landlord: William Jacome

This acquisition loan was facilitated by Igor Vaysberg of Hirshmark Capital, ensuring the financial support necessary for the property acquisition. The deal highlights the collaboration between the lender and the landlord, William Jacome, in acquiring the development site in Miami.

Players

Hirshmark Capital
Hirshmark CapitalLender

William Jacome

Landlord

$23M

vol

4 deals

Landlord

Miami 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

3.39%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93