William Jacome Acquires Development Site In Miami For $4.7M Loan From Hirshmark Capital
FINANCED
$4,675,000
Florida
See Similar DealsDevelopment Site16,000 SF
Financed 01/11/2024
FINANCED
William Jacome Acquires Development Site In Miami For $4.7M Loan From Hirshmark Capital
240 Southeast 14th Street
See Similar DealsDevelopment Site16,000 SF
Financed 01/11/2024
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$292
Total Square Footage:16,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,675,000.00
Monthly NOI$31,166.67
Monthly Debt Service$29,549.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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