Daniel Pena Secures $1,900,000 Bridge Loan From Bert R. Dweck For Land In Miami
235 Northeast 79th Street
$1,900,000
Building Size
—
Asset Type
Land
Closing
Jul 30, 2026
About this deal
AI
The asset involved in this transaction is a land parcel located at 235 Northeast 79th Street in Miami, FL. The property is identified as a land asset for which a bridge loan has been secured. The loan amount is set at $1,900,000.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,900,000
- Lender: Bert R. Dweck - Hirshmark Capital
- Borrower: Daniel Pena
- Landlord's Representative: Adrian Edery & Josh Eliassian - Two50 Capital Group
- Loan Type: Bridge
The deal involves key individuals such as Bert R. Dweck, who serves as the lender from Hirshmark Capital, and Daniel Pena, the borrower. The landlord's representation is handled by Adrian Edery and Josh Eliassian from Two50 Capital Group, ensuring the transaction is managed by experienced professionals in the industry.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93