Miami Mixed Use Construction Loan For 35 Million On 85725 SF Asset
FINANCED
Florida
See Similar DealsMixed-use85,725 SF
Financed 08/04/2025
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$404
Total Square Footage:85,725 SF
Transaction Type:Loan
The property asset is a mixed-use development located in Miami, featuring a total square footage of 85,725, which includes 2,548 square feet of commercial space. The transaction involved a construction loan amounting to $35,000,000.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $35,000,000
- Market: Miami
- Asset Size: 85,725 SF
- Commercial Space: 2,548 SF
The brokers representing the deal are Pier Barinci, Max La Cava, Michael Romero, and Abbie Kushner from JLL, who facilitated the transaction in the Miami market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$34,700,000.00
Monthly NOI$231,333.33
Monthly Debt Service$219,327.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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