Taylor Simkins Of Lion Financial And Brenden Kardash Of Easy Close Capital Provide $23M Loan In Miami Beach
1601 North View Drive
$23,000,000
Building Size
—
Asset Type
Land
Closing
Sep 29, 2026
About this deal
AI
The asset involved in this transaction is land located at 1601 North View Drive in the Miami Beach market. The loan amount associated with this property is $23,000,000, provided as a bridge loan with a term of 12 months.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $23,000,000
- Lender: Taylor Simkins - Lion Financial
- Lender: Brenden Kardash - Easy Close Capital
- Lender's Attorney: Ashley Fox - FWB Law
- Title Company: Russel Jacobs - The Jacobs Law Group
This transaction highlights the collaborative efforts of various parties including the lenders and their respective legal representatives. A note from the lenders expressed gratitude towards their trusted lending partner, Lion Financial, and acknowledged the contributions of the Jacobs Law Group and the Frank Weinberg Black law group, along with the entire Borrower team in facilitating this closing.
On the Map
$23,000,000
Land
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Players
Miami Beach Land Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93