The Richman Group Secures $44.48M Construction Loan For Development Site In Miami
FINANCED
$44,480,000
Florida
See Similar DealsDevelopment Site
Financed 10/31/2022
FINANCED
The Richman Group Secures $44.48M Construction Loan For Development Site In Miami
27077 S Federal Hwy, Homestead, Florida 33032, United States
See Similar DealsDevelopment Site
Financed 10/31/2022
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
The development site located at 27077 South Federal Highway in Miami has recently undergone a closed transaction. The property spans across 1.32 acres and is owned by The Richman Group, led by Richard Paul Richman.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $44,480,000
- Date: 10/31/2022
- Market: Miami
In this deal, a construction loan of $44,480,000 was secured for the development site. The loan will be used for construction purposes, indicating plans for future development on the property.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$44,480,000.00
Monthly NOI$296,533.33
Monthly Debt Service$281,143.86
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions