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

Property Image
FINANCED
$26,500,000
Charles Penan
Joel Zusman
AA

Florida

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Development Site7,500 SF
Financed 08/18/2020
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FINANCED

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

805 West Flagler Street, Miami, FL 33128, USA

See Similar Deals
Development Site7,500 SF
Financed 08/18/2020
Charles Penan
Joel Zusman
AA
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$3,533
Total Square Footage:7,500 SF
Transaction Type:Loan

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

Joel Zusman
Aztec Group
Joel Zusman
8 deals$385.6M volume
BROKER
Charles Penan
Aztec Group
Charles Penan
7 deals$319.4M volume
BROKER
Parkview Financial
Parkview Financial
LENDER
AA
Alan Amdur
2 deals$41.5M volume
LANDLORD
AA
Alan Amdur
2 deals$41.5M volume
LANDLORD

Details

FINANCED
IMAGE: Charles Penan & Joel Zusman DATE: 08/18/2021 ADDRESS: 805 West Flagler Street MARKET: Miami ASSET TYPE: Development Site LENDER: Parkview Financial LANDLORD: Alan Amdur - i3 Development BROKERS: Charles Penan & Joel Zusman - Aztec Group LOAN AMOUNT: $26,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$26,500,000.00

Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00