Fuse Group Secures $30M Loan For Development Site In Surfside, FL
9300 Collins Avenue, Surfside, Florida 33154, United States
$30,000,000
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2022
AI
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
Surfside Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93