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Adam Glick, Jason Bordenick, John Farina, Dustin Salzano & Jason Krane Acquire Development Site In Pompano Beach With $6M Loan From Maxim Capital Group

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FINANCED
$6,000,000
Jason Krane
JF

Florida

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Development Site58,141 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Adam Glick, Jason Bordenick, John Farina, Dustin Salzano & Jason Krane Acquire Development Site In Pompano Beach With $6M Loan From Maxim Capital Group

311 Briny Avenue, Pompano Beach, Florida 33062, United States

See Similar Deals
Development Site58,141 SF
Financed
Jason Krane
JF
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$103
Total Square Footage:58141 SF
Transaction Type:Loan

A development site located at 311 Briny Ave in Pompano Beach has been involved in a recent closed transaction. The property spans an impressive 58,141 square feet and is categorized as a Development Site.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $6,000,000
  • Date: 05/25/2022
  • Address: 311 Briny Ave
  • Market: Pompano Beach
  • Lender: Maxim Capital Group - Jason Bordenick & Adam Glick
  • Landlord: U.S. Construction - John Farina & Dustin Salzano
  • Broker: Jason Krane - Ackman Ziff
  • Loan Type: Acquisition

The individuals and companies involved in this transaction play significant roles in its completion. Maxim Capital Group, represented by Jason Bordenick and Adam Glick, served as the lender for the acquisition loan of $6,000,000. On the landlord side, U.S. Construction, led by John Farina and Dustin Salzano, facilitated the deal. Jason Krane, from Ackman Ziff, served as the broker in this transaction.

Players

Jason Krane
Ackman-Ziff
Jason Krane
9 deals$893.5M volume
BROKER
Maxim Capital Group
Maxim Capital Group
LENDER
JF
John Farina
2 deals$50.7M volume
LANDLORD
UC
U.S. Construction
LANDLORD

Details

FINANCED
IMAGE: Adam Glick, Jason Bordenick, John Farina, Dustin Salzano & Jason Krane DATE: 05/25/2022 ADDRESS: 311 Briny Ave MARKET: Pompano Beach ASSET TYPE: Development Site ~ SF: 58,141 LENDER: Maxim Capital Group (@MaximCapitalGroup) - Jason Bordenick & Adam Glick (@AdamGlick_) LANDLORD: U.S. Construction - John Farina & Dustin Salzano (@DSalzano) BROKER: Jason Krane (@Jason_Krane) - Ackman Ziff (@AckmanZiff) LOAN AMOUNT: $6,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,000,000.00

Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00