Banesco USA Provides $12.35M Purchase Loan For Industrial Property In Miami
$12,350,000
Building Size
—
Asset Type
Industrial
Closing
Nov 16, 2022
AI
The industrial property located in Miami, FL has undergone a recent transaction. The loan for this transaction was provided by Banesco USA in the amount of $12,350,000. The loan was used for the purpose of purchasing the property.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,350,000
, represented by , served as the landlord in this transaction. The brokers involved in the deal were Ariel Forman and Asher Urbach from Meridian Capital Group.
Players
Market 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
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93