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
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