BridgeInvest Provides $15M Loan For Development Site At 32390 Biscayne Boulevard In Aventura
FINANCED
$15,000,000
Florida
See Similar DealsDevelopment Site108,900 SF
Financed 01/26/2021
FINANCED
BridgeInvest Provides $15M Loan For Development Site At 32390 Biscayne Boulevard In Aventura
32390 Biscayne Boulevard, Aventura, FL, USA
See Similar DealsDevelopment Site108,900 SF
Financed 01/26/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$137
Total Square Footage:108,900 SF
Transaction Type:Loan
Located at 32390 Biscayne Boulevard in Aventura, this 2.5-acre development site was recently involved in a closed property transaction. The transaction took place on January 26, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,000,000
- Address: 32390 Biscayne Boulevard
- Market: Aventura
- Acres: 2.5
The lender in this transaction was BridgeInvest, represented by Alex Horn. The loan amount provided by BridgeInvest was $15,000,000. On the other side, the landlord was Rieber Developments, represented by Bernardo Rieber.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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