Alirio Torrealba's MG Developer Secures $11M Acquisition Loan For Mixed-Use Property In Hialeah
FINANCED
$11,000,000
Florida
See Similar DealsDevelopment Site
Financed 01/22/2024
FINANCED
Alirio Torrealba's MG Developer Secures $11M Acquisition Loan For Mixed-Use Property In Hialeah
934 East 25th Street & 934 E. 25th St
See Similar DealsDevelopment Site
Financed 01/22/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Loan
A mixed-use property located at 954 & 934 E. 25th St in Hialeah has been involved in a recent transaction. The property, owned by Michael Klinger, was acquired through an acquisition loan provided by Camilo Niño and Ricardo Uribe from Linkvest Capital, as well as Alen Hernandez from LV Lending. The loan amount for this transaction was $11,000,000.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $11,000,000
- Address: 954 & 934 E. 25th St, Hialeah
- Lender: Camilo Niño - Linkvest Capital
- Lender: Ricardo Uribe - LV Lending
- Lender: Alen Hernandez - LV Lending
- Landlord: Michael Klinger
- Borrower: Alirio Torrealba - MG Developer
- Loan Type: Acquisition Loan
The key individuals involved in the deal include Camilo Niño from Linkvest Capital, Ricardo Uribe from LV Lending, and Alen Hernandez from LV Lending. Alirio Torrealba, representing MG Developer, acted as the borrower in this transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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