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5430 Northwest 33rd Avenue

Robert Shub Secures $7.8 Million Refinance Loan From Intercredit Bank For Industrial Asset In Fort Lauderdale
FINANCEDIndustrial

Robert Shub Secures $7.8 Million Refinance Loan From Intercredit Bank For Industrial Asset In Fort Lauderdale

5430 Northwest 33rd Avenue

$7,800,000

$123/SF

Building Size

63,266 SF

Asset Type

Industrial

Closing

Jul 31, 2026

AI

The property involved in this transaction is an industrial asset located at 5410-5430 Northwest 33rd Avenue in Fort Lauderdale. The total square footage of this asset is 63,266 square feet, and it is subject to a refinance loan amount of $7,800,000 with terms set for 10 years.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,800,000
  • Lender: Intercredit Bank
  • Borrower: Robert Shub
  • Borrower's Attorney: Steven Herzberg - VHL Law
  • Lender's Attorney: Brett Holland - Holland & Knight
  • Loan Terms: 10 years

This transaction highlights the roles of the key individuals, including Robert Shub as the borrower and Intercredit Bank as the lender. The legal representation is provided by Steven Herzberg for the borrower and Brett Holland for the lender, underscoring the professionalism involved in this refinancing deal.

Players

Intercredit Bank
Intercredit BankLender

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93