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4995 Nw 77th Ave

W Finance Provides $13M Refinance Loan For Development Site In Miami
FINANCEDDevelopment Site

W Finance Provides $13M Refinance Loan For Development Site In Miami

4995 Nw 77th Ave

$13,000,000

$37/SF

Building Size

343,962 SF

Asset Type

Development Site

Closing

Jul 12, 2023

AI

A Development Site located at 4995 NW 77th Avenue in Miami has recently undergone a loan refinance transaction. The loan was provided by W Finance in the amount of $13,000,000. This property, with a total square footage of 343,962, is owned by The Wellmeaning Companies, represented by Eduardo Pelaez. The deal was facilitated by Emile Schachter of WD Capital Advisors.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $13,000,000
  • Address: 4995 NW 77th Avenue
  • Market: Miami
  • Owner: The Wellmeaning Companies - Eduardo Pelaez
  • Lender: W Finance
  • Broker: Emile Schachter - WD Capital Advisors

The loan refinance of the Development Site at 4995 NW 77th Avenue in Miami was made possible by W Finance. The property is owned by The Wellmeaning Companies, represented by Eduardo Pelaez. Emile Schachter of WD Capital Advisors acted as the broker in this transaction.

Players

Emile Schachter

WD Capital Group

Broker

$505.4M

vol

23 deals

Broker
WF
W FinanceLender
Eduardo Pelaez

Eduardo Pelaez

Landlord

$300.5M

vol

12 deals

Landlord

Market 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93