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Abraham Bergman Secures $11.85M Acquisition Loan From Joe Moser & Mark Simon For Development Site

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FINANCED
$11,850,000
Joe Moser
MS

Florida

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Development Site17,500 SF
Financed 10/31/2025
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Property Image
FINANCED

Abraham Bergman Secures $11.85M Acquisition Loan From Joe Moser & Mark Simon For Development Site

7410 Collins Avenue

See Similar Deals
Development Site17,500 SF
Financed 10/31/2025
Joe Moser
MS
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$677
Total Square Footage:17,500 SF
Transaction Type:Loan

The transaction involves a development site located at 7410 Collins Avenue, Miami Beach. The total building square footage (BSF) is 90,000, with the site itself comprising 17,500 square feet. The loan amount for this acquisition is $11,850,000, with a term of 18 months.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $11,850,000
  • Location: 7410 Collins Avenue, Miami Beach
  • Asset Size: 90,000 BSF, 17,500 SF
  • Lender: Joe Moser & Mark Simon - Benmark Capital
  • Landlord: Abraham Bergman
  • Loan Type: Acquisition
  • Loan Terms: 18 months

Benmark Capital, represented by Joe Moser and Mark Simon, provided the senior mortgage loan secured by adjacent development sites that include an existing CVS and a 30,000 SF parking lot. The project is positioned in North Beach, an emerging neighborhood in Miami Beach, with approvals in place for a mixed-use development featuring condos, townhomes, office, retail, and parking.

Players

Joe Moser
Joe Moser
10 deals$220.2M volume
ORIGINATOR
MS
Mark Simon
7 deals$109.7M volume
ORIGINATOR

Details

FINANCED
IMAGE: IMAGE: Abraham Bergman, Joe Moser & Mark Simon DATE: 10/31/2025 ADDRESS: 7410 Collins Avenue MARKET: Miami Beach ASSET TYPE: Development Site ~ BSF: 90,000 ~ SF: 17,500 LENDER: Joe Moser & Mark Simon - Benmark Capital LANDLORD: Abraham Bergman LOAN AMOUNT: $11,850,000 LOAN TYPE: Acquisition LOAN TERMS: 18 months NOTE FROM LENDER: Benmark Capital closed an $11,850,000 senior mortgage loan, secured by the adjacent development sites. The sites include an existing CVS and a 30,000 SF parking lot, a prime covered land play with approvals in place for a 90,000 SF mixed-use project featuring condos, townhomes, office, retail, and parking. Located in the heart of North Beach, one of Miami Beach’s most exciting emerging neighborhoods, the project stands at the intersection of coastal charm and major growth. Benmark Capital is a premier private lender providing tailored financing solutions for real estate investors and developers nationwide. Reach out to have us quote your next deal: [email protected]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,850,000.00

Monthly NOI$79,000.00
Monthly Debt Service$74,900.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00