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Thorofare Capital Refinances Industrial Property In Miami For $20M

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FINANCED
$20,000,000
Dustin Stolly
Daniel Fromm
Jordan (Jordy) Roeschlaub

Florida

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Industrial523,800 SF
Financed 10/26/2021
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Property Image
FINANCED

Thorofare Capital Refinances Industrial Property In Miami For $20M

17707 Northwest Miami Court, Miami, FL 33169, USA

See Similar Deals
Industrial523,800 SF
Financed 10/26/2021
Dustin Stolly
Daniel Fromm
Jordan (Jordy) Roeschlaub
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$38
Total Square Footage:523,800 SF
Transaction Type:Loan

Thorofare Capital has provided a $20,000,000 loan for the refinance of an industrial property located at 17707 Northwest Miami Court in Miami. The property spans across 12 acres and is owned by Relentless Capital and Drake Real Estate Partners.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Address: 17707 Northwest Miami Court
  • Market: Miami
  • Landlord: Relentless Capital & Drake Real Estate Partners

The loan transaction was facilitated by Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, and Daniel Matz from Newmark.

Players

Dustin Stolly
Walker & Dunlop
Dustin Stolly
264 deals$49.1B volume
BROKER
Daniel Fromm
Newmark
Daniel Fromm
82 deals$5.3B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
321 deals$96.2B volume
BROKER
Thorofare Capital
Thorofare Capital
LENDER
DP
Drake Real Estate Partners
LANDLORD
RC
Relentless Capital
LANDLORD

Details

FINANCED
IMAGE: Dustin Stolly, Jordan Roeschlaub, Daniel Matz & Daniel Fromm DATE: 10/26/2021 ADDRESS: 17707 Northwest Miami Court MARKET: Miami ASSET TYPE: Industrial ~ ACRES: 12 LENDER: Thorofare Capital LANDLORD: Relentless Capital & Drake Real Estate Partners BROKERS: Dustin Stolly, Jordan Roeschlaub (@JordyRoeschlaub), Daniel Fromm (@Ddwb) & Daniel Matz - Newmark LOAN AMOUNT: $20,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00