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Metropolitan Commercial Bank Provides $10 Million Acquisition Loan For Development Site In North Bay Village

Property Image
FINANCED
$10,000,000
Maxwell (Max) Hulsh
Andrew Cohen
Max Herzog
+ 1

Florida

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Development Site
Financed 04/25/2025
the dealplayerscompscontact
Property Image
FINANCED

Metropolitan Commercial Bank Provides $10 Million Acquisition Loan For Development Site In North Bay Village

7913 Larry Paskow Way

See Similar Deals
Development Site
Financed 04/25/2025
Maxwell (Max) Hulsh
Andrew Cohen
Max Herzog
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The asset involved in this transaction is a development site located at 7913 West Drive in North Bay Village. It has a total building square footage of 333,095 and is associated with an acquisition loan priced at $10,000,000.

Summary of transaction details:

The key individuals involved in this transaction include Max Hulsh, Max Herzog, Marko Kazanjian, and Andrew Cohen, all of whom are affiliated with Institutional Property Advisors (IPA) and played advisory roles in the deal.

Players

Marko Kazanjian
Institutional Property Advisors
Marko Kazanjian
71 deals$5.4B volume
BROKER
Max Herzog
Institutional Property Advisors
Max Herzog
80 deals$5.4B volume(212) 430-5165
BROKER
Andrew Cohen
Institutional Property Advisors
Andrew Cohen
43 deals$3B volume
BROKER
Maxwell (Max) Hulsh
Institutional Property Advisors
Maxwell Hulsh
32 deals$2.8B volume(646) 549-3692
BROKER
Metropolitan Commercial Bank
Metropolitan Commercial Bank
LENDER

Details

FINANCED
IMAGE: LOAN IMAGE: Max Hulsh, Max Herzog, Marko Kazanjian & Andrew Cohen DATE: 04/25/2025 ADDRESS: 7913 West Drive MARKET: North Bay Village ASSET TYPE: Development Site ~ BSF: 333,095 LENDER: Metropolitan Commercial Bank ADVISORS: Max Hulsh (@MaxHulsh), Max Herzog, Marko Kazanjian (@MarkoKaz) & Andrew Cohen (@The_Andrew_Cohen) - Institutional Property Advisors (IPA) LOAN AMOUNT: $10,000,000 LOAN TYPE: Acquisition

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$10,000,000.00

Monthly NOI$66,666.67
Monthly Debt Service$63,206.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00