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
Horizon Equities, represented by Joe Kotler, 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