Sheridan Capital Provides $12M Refinance Loan For Industrial Property At 2509 N Miami Ave
FINANCED
$12,000,000
Florida
See Similar DealsIndustrial20,000 SF
Financed 03/17/2022
FINANCED
Sheridan Capital Provides $12M Refinance Loan For Industrial Property At 2509 N Miami Ave
2509 North Miami Avenue, Miami, Florida 33127, United States
See Similar DealsIndustrial20,000 SF
Financed 03/17/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$600
Total Square Footage:20,000 SF
Transaction Type:Loan
The industrial property located at 2509 N Miami Ave in Miami has recently undergone a loan refinancing transaction. The property spans across 20,000 square feet, making it a significant asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $12,000,000
- Date: 03/17/2022
- Lender: Sheridan Capital - Aaron Kurlansky, Lee Shwartz, & Michael Yassky
- Sponsor: Richard Serure
- Loan Type: Refinance
Richard Serure, the sponsor of the transaction, has expressed confidence in Sheridan Capital's ability to close deals quickly. The partnership between the two parties has proven successful in the past, resulting in a continued trust in Sheridan Capital's efficiency and simplicity throughout the loan process.
Note: "Ownership has done several deals with Sheridan Capital and continues to trust in their ability to close quickly and efficiently, they just make it simple & easy." - Dan Arev
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,000,000.00
Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions