Updated Feb 24, 2026
Flatiron Realty Capital Closes $9 Million Refinance On Commercial Asset In Miami Beach
$9,000,000
$60/SF
Building Size
150,000 SF
Asset Type
Development Site
Closing
Feb 2, 2026
About this deal
AI
The property involved is a commercial asset located in Miami Beach, Florida, encompassing a total square footage of 150,000. The asset features 15,000 square feet of retail space on its ground floor and has an additional 135,000 square feet designated for parking. It is zoned for the potential development of over 100,000 buildable square feet of residential units.
Summary of transaction details:
- Property Type: Commercial Asset
- Transaction Amount: $9,000,000
- Lender: Robert Talas & David Meytin - Flatiron Realty Capital
- Loan Type: Refinance
- Loan Terms: Stabilized Bridge Cashout Refinance
- Market: Miami Beach
- Closing Timeline: Closed and funded within 20 days
Robert Talas and David Meytin of Flatiron Realty Capital executed the financing transaction, demonstrating their capacity to handle complex, non-traditional situations. This loan provides borrowers with tailored financing solutions, showcasing the firm's agility compared to conventional lenders.
Players
Market Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93