facebook
Traded Co logo
Submit

Northwind Group Provides $40.9M Acquisition Loan For Dev Site In Miami Edgewater

Property Image
FINANCED
$40,875,000

Florida

See Similar Deals
Development Site127,861 SF
Financed 10/03/2022
the dealplayerscompscontact
Property Image
FINANCED

Northwind Group Provides $40.9M Acquisition Loan For Dev Site In Miami Edgewater

3333 Biscayne Boulevard

See Similar Deals
Development Site127,861 SF
Financed 10/03/2022
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$319
Total Square Footage:127,861 SF
Transaction Type:Loan

An acquisition loan of $40,875,000 was secured for the development site located at 3333 Biscayne Boulevard in Edgewater, Miami. The site spans a total of 127,861 square feet and is categorized as a development site within the market.

Summary of transaction details

The acquisition loan was provided by Northwind Group, represented by Ran Eliasaf and Gabriel Hamani, while the property's landlords are Beitel Group and Aimco. The loan was facilitated through the assistance of Morris Betesh and Jack McPhail from Meridian Capital Group. For further inquiries or opportunities, interested parties can reach out to [email protected].

Players

Morris Betesh
211 deals$12.3B volume(646) 825-7005
BROKER

Jack McPhail
Arrow Real Estate Advisors
24 deals$1.1B volume
BROKER

Northwind Group
LENDER


Beitel Group
LANDLORD

Details

FINANCED
IMAGE: Ran Eliasaf, Gabriel Hamani, Morris Betesh & Jack McPhail DATE: 03/10/2022 ADDRESS: 3333 Biscayne Boulevard MARKET: Edgewater, Miami ASSET TYPE: Dev Site ~ SF: 127,861 LENDER: Northwind Group - Ran Eliasaf & Gabriel Hamani LANDLORD: Beitel Group & Aimco Meridian Capital Group – Morris Betesh & Jack McPhail LOAN AMOUNT: $40,875,000 LOAN TYPE: Acquisition NOTE FROM LENDER: Please contact [email protected] with opportunities.

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$40,875,000.00

Monthly NOI$272,500.00
Monthly Debt Service$258,357.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00