Edwin Gelman Of Hirshmark Capital Provides $3.7M Refinance Loan To Landlord David Sedaghati
FINANCED
$3,700,000
Florida
See Similar DealsIndustrial44,000 SF
Financed 01/13/2025
FINANCED
Edwin Gelman Of Hirshmark Capital Provides $3.7M Refinance Loan To Landlord David Sedaghati
2401 Northwest 6th Avenue & 580 Northwest 26th Street
See Similar DealsIndustrial44,000 SF
Financed 01/13/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$84
Total Square Footage:44,000 SF
Transaction Type:Loan
The industrial asset located at 2401 Northwest 6th Avenue & 580 Northwest 26th Street in Miami encompasses a total square footage of 22,000. The property is involved in a refinance loan transaction amounting to $3,700,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,700,000
- Lender: Edwin Gelman - Hirshmark Capital
- Landlord: David Sedaghati
- Loan Type: Refinance
- Date: 01/13/2025
Edwin Gelman represents Hirshmark Capital in the lending facet of this transaction, while David Sedaghati is the landlord associated with the property. Both parties are integral to facilitating the refinance deal processed on the stated date.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,700,000.00
Monthly NOI$24,666.67
Monthly Debt Service$23,386.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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