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
Fort Lauderdale 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93