Fuse Group Secures $30M Loan For Development Site In Surfside, FL
FINANCED
$30,000,000
+ 1
Florida
See Similar DealsDevelopment Site
Financed 03/18/2022
FINANCED
Fuse Group Secures $30M Loan For Development Site In Surfside, FL
9300 Collins Avenue, Surfside, Florida 33154, United States
See Similar DealsDevelopment Site
Financed 03/18/2022
+ 1
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
A development site located at 9300-9380 Collins Avenue in Surfside, FL has been involved in a recent transaction. The deal was finalized on March 18, 2022.
Summary of transaction details
- Property Type: Development Site
- Loan Amount: $30,000,000
- Market: Surfside, FL
The loan for this transaction was provided by Fuse Group, with Eyal Peretz representing the lender. The lender's representatives were Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group. The landlord's representative in this deal was Brian B. Itzkowitz.
Additional information or details are not available.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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