facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Development Site

/

Loan

/

Miramar Parkway & Southwest...

Updated Oct 28, 2024

Trammell Crow Residential Acquires 8.95 Acre Mixed-Use Development Site In Miramar With $43.9M Construction Loan From U.S. Bank
FINANCEDDevelopment Site

Trammell Crow Residential Acquires 8.95 Acre Mixed-Use Development Site In Miramar With $43.9M Construction Loan From U.S. Bank

Miramar Parkway & Southwest 148th Avenue, Miramar, FL, USA

$43,900,000

Building Size

Asset Type

Development Site

Closing

Nov 16, 2021

About this deal

AI

A construction loan worth $43,900,000 has been secured for a mixed-use development located at Miramar Parkway & Southwest 148 Avenue in Miramar. The property spans 8.95 acres and is owned by Trammell Crow Residential, represented by Ron Terwilliger. The financing has been provided by U.S. Bank.

Summary of transaction details

  • Property Type: Mixed-use Development
  • Transaction Amount: $43,900,000
  • Address: Miramar Parkway & Southwest 148 Avenue
  • Market: Miramar
  • Acres: 8.95
  • Landlord: Trammell Crow Residential - Ron Terwilliger
  • Lender: U.S. Bank
  • Loan Type: Construction

Ron Terwilliger, representing Trammell Crow Residential, has facilitated the loan from U.S. Bank for the construction of the mixed-use development at Miramar Parkway & Southwest 148 Avenue. This transaction marks a significant milestone for the project, bringing it closer to fruition.

Players

U.S. Bank
U.S. BankLender

Miramar Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Deal FAQ

Browse Florida development site loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets