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
Hialeah 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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93