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
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