Hirshmark Capital Provides $2.8M Acquisition Loan For Industrial Asset In Miami
1921 Northeast 153rd Street
$2,800,000
$140/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Oct 30, 2024
AI
The property asset involved in this transaction is located at 1921 Northeast 153rd Street in Miami, featuring an industrial asset with a size of 20,000 square feet. The acquisition loan amount for this property is $2,800,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,800,000
- Lender: Hirshmark Capital
- Lender Representative: Bert R. Dweck
- Landlord: Maksim Rozenfeld
- Loan Type: Acquisition
This transaction was facilitated by Hirshmark Capital, represented by Bert R. Dweck, who played a crucial role in the lending process. The landlord of the property is Maksim Rozenfeld, indicating the involvement of key individuals in this real estate acquisition deal.
Players
North Miami Beach Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93