FINANCEDMixed-use
CIT Bank Loans $17.55M For Mixed-Use Property In Wynwood By Kushner Companies And Block Capital Group
108 Northwest 27th Street, Wynwood, Miami, FL, USA
$17,550,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 4, 1920
About this deal
AI
108 & 127 Northwest 27th Street in Wynwood was involved in a recent closed transaction. The property is a mixed-use asset.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $17,550,000
- Lender: CIT Bank
- Landlord: Kushner Companies - Charles Kushner, Nicole Kushner Meyer, Laurent Morali; Block Capital Group - Miculitzki family
Nicole Kushner Meyer, Charles Kushner, and Laurent Morali were instrumental in the deal as representatives of Kushner Companies. Additionally, the Miculitzki family from Block Capital Group played a key role as landlords.
Players
CIT BankLender
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93