Updated Mar 20, 2026
Maxim Capital Group Provides $3.75M Bridge Loan For Surfside Development Site
8800 Collins Avenue
$3,750,000
$132/SF
Building Size
28,369 SF
Asset Type
Development Site
Closing
Aug 25, 2022
About this deal
AI
The loan involved a development site located at 8800 Collins Avenue in Surfside. The property is a development site with a building square footage of 28,369 and a buildable square footage of 60,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,750,000
- Address: 8800 Collins Avenue
- Market: Surfside
- Building Square Footage: 28,369
- Buildable Square Footage: 60,000
The lender for this loan was Maxim Capital Group, represented by Jason Bordenick and Adam Glick. The landlord for the property was Lineaire Group, represented by Diego Bonet and Alejandro Bonet.
On the Map
$3,750,000
$132/SF
Development Site
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Players
Surfside 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93