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2545 South Bayshore Drive

Mast Capital And BH Group Secures $28.2 Million Loan For Development Site In Miami
FINANCEDDevelopment Site

Mast Capital And BH Group Secures $28.2 Million Loan For Development Site In Miami

2545 South Bayshore Drive

$28,200,000

Building Size

Asset Type

Development Site

Closing

Jun 15, 2025

AI

The asset involved is a development site located at 2545 South Bayshore Drive in Miami. The transaction pertains to an acquisition with a loan amount of $28,200,000. The loan terms specify a duration of two years.

Summary of transaction details:

The key individuals involved in the transaction include the lenders Jon Gitman and Alex Horn from BridgeInvest, and the landlords Camilo Miguel Jr. and Jordan Kornberg associated with Mast Capital, along with Isaac Toledano from BH Group. The brokerage team consists of Scott Wadler, Mitch Sinberg, Brad Williamson, and Matthew Robbins from Berkadia.

Players

Brad Williamson

Berkadia

Broker

$7.1B

vol

114 deals

Broker
Berkadia
BerkadiaBrokerage
BridgeInvest
BridgeInvestLender

Camilo Miguel Jr.

Mast Capital

Landlord

$171.1M

vol

6 deals

Landlord
Mast Capital
Mast CapitalLandlord
BH Group
BH GroupLandlord
Mast Capital
Mast CapitalLandlord

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

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93