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
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.
Players
Miami 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93