Updated Oct 29, 2024
S3 Capital Partners Provides $8.5M Acquisition Loan For Miami Development Site
$8,500,000
Building Size
—
Asset Type
Development Site
Closing
Sep 11, 2023
About this deal
AI
A development site in Miami has secured an acquisition loan of $8,500,000. The property, located in an undisclosed area of Miami, is the subject of the loan transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $8,500,000
- Lender: S3 Capital Partners
- Lender Representatives: Robert Schwartz & Steven Jemal
- Loan Type: Acquisition
S3 Capital Partners, led by Robert Schwartz and Steven Jemal, provided the acquisition loan for the development site in Miami. For further inquiries about the loan, interested parties can reach out to Steven Jemal at [email protected].
Players
Market 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93