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805 West Flagler Street, Mi...

Updated Mar 11, 2025

Bilt advertisement
Parkview Financial Provides $26.5M Loan For Development Site At 805 West Flagler Street In Miami
FINANCEDDevelopment Site

Parkview Financial Provides $26.5M Loan For Development Site At 805 West Flagler Street In Miami

805 West Flagler Street, Miami, FL 33128, USA

$26,500,000

$3,533/SF

Building Size

7,500 SF

Asset Type

Development Site

Closing

Aug 18, 2020

About this deal

AI

An $26,500,000 loan has been secured by Alan Amdur of i3 Development for a development site located at 805 West Flagler Street in Miami. The loan was provided by Parkview Financial.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $26,500,000
  • Date: 08/18/2021
  • Market: Miami

Charles Penan and Joel Zusman of Aztec Group represented Alan Amdur in the transaction.

The development site loan at 805 West Flagler Street, Miami, FL 33128, USA in Miami, Florida financed for $26.5M in 2020. The building is 7,500 square feet, implying about 3.5K per square foot on the published price. Charles Penan, Joel Zusman, Alan Amdur, Aztec Group appear on the loan alongside Aztec Group. This page is the Miami, Florida file for the 805 West Flagler Street, Miami, FL 33128, USA development site financed: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else financed near 805 West Flagler Street, Miami, FL 33128, USA around 2020. Published consideration for 805 West Flagler Street, Miami, FL 33128, USA is $26.5M, dated 2020. Cite this Parkview Financial Provides $26.5M Loan For Development Site At 805 West Flagler Street In Miami loan when underwriting similar development site product around Miami, Florida.

Players

Joel Zusman

Aztec Group

Broker

$385.6M

vol

8 deals

Broker
Parkview Financial
Parkview FinancialLender

Alan Amdur

Landlord

$41.5M

vol

2 deals

Landlord

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

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Deal FAQ

About $3.5K per square foot on a published $26.5M for 7,500 square feet (2020).

Visit Charles Penan to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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