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934 East 25th Street

Alirio Torrealba's MG Developer Secures $11M Acquisition Loan For Mixed-Use Property In Hialeah
FINANCEDDevelopment Site

Alirio Torrealba's MG Developer Secures $11M Acquisition Loan For Mixed-Use Property In Hialeah

934 East 25th Street & 934 E. 25th St

$11,000,000

Building Size

Asset Type

Development Site

Closing

Jan 22, 2024

AI

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.

Players

LV Lending
LV LendingBrokerage
LV Lending
LV LendingLender

Hialeah 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93