Quadreal Finance Provides $21.9M Construction Loan For Industrial Property In Miami
FINANCED
$21,890,000
Florida
See Similar DealsIndustrial141,067 SF
Financed 03/23/2022
FINANCED
Quadreal Finance Provides $21.9M Construction Loan For Industrial Property In Miami
12590 Northwest 17th Avenue, Miami, Florida 33142, United States
See Similar DealsIndustrial141,067 SF
Financed 03/23/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:141,067 SF
Transaction Type:Loan
The industrial property located at 12590 NW 17th St. in Miami has been involved in a closed transaction. The property spans a total of 141,067 square feet and sits on 7.46 acres of land. It was sold under a construction loan.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $21,890,000
- Date: 03/23/2022
- Market: Miami
- Lender: quadreal''>Quadreal Finance - Dennis Lopez
- Landlord: Brookfield Property Group
The construction loan for the property was provided by Quadreal Finance, represented by Dennis Lopez. The landlord for the transaction is Brookfield Property Group.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,890,000.00
Monthly NOI$145,933.33
Monthly Debt Service$138,359.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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