Madar Group USA's David-Emmanuel Cohen Secures $16M Construction Loan In Miami Beach
1009 Links Dr
$16,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 24, 2025
AI
The asset involved in this transaction is a development site located at 1009 Links Drive in the Miami Beach market. The deal encompasses a construction loan amounting to $16,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,000,000
- Lender: Josh Greene, Billy Haber & Adam Glick - Maxim Capital Group
- Landlord: David-Emmanuel Cohen - Madar Group USA
- Landlord's Representative: Jonathan Aghravi & Noam Katz - JBA Equities
- Loan Type: Construction
This deal encompasses key individuals from various companies, including Josh Greene, Billy Haber, and Adam Glick representing Maxim Capital Group as the lenders. David-Emmanuel Cohen represents Madar Group USA. The landlord's representatives, Jonathan Aghravi and Noam Katz, are from JBA Equities, playing a crucial role in facilitating this transaction.
Players
Miami Beach 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93