BridgeInvest Provides $15M Loan For Development Site At 32390 Biscayne Boulevard In Aventura
32390 Biscayne Boulevard, Aventura, FL, USA
$15,000,000
$137/SF
Building Size
108,900 SF
Asset Type
Development Site
Closing
Jan 25, 2021
AI
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.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93