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1100 Biscayne Boulevard, Mi...

Terra Capital Partners Provides $57M Loan For Mixed-Use Property On Biscayne Boulevard In Miami
FINANCEDMixed-use

Terra Capital Partners Provides $57M Loan For Mixed-Use Property On Biscayne Boulevard In Miami

1100 Biscayne Boulevard, Miami, FL 33132

$57,000,000

$1,425/SF

Building Size

40,000 SF

Asset Type

Mixed-use

Closing

Apr 9, 2019

AI

The property involved in this closed transaction is a mixed-use asset located at 1100 Biscayne Boulevard in Miami. The transaction took place on 04/10/2019.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $57,000,000
  • Address: 1100 Biscayne Boulevard, Miami
  • Lender: Terra Capital Partners - Vik Uppal
  • Landlord: CGI Merchant Group - Raoul Thomas
  • Loan Terms: Two-year with a one-year extension option

The lender in this transaction was Terra Capital Partners, represented by Vik Uppal. The landlord was CGI Merchant Group, represented by Raoul Thomas. The loan amount for this transaction was $57,000,000, and the loan terms provided a two-year period with a one-year extension option.

Players

Terra Capital Partners
Terra Capital PartnersLender

Raoul Thomas

CGI Merchant Group

Landlord

$533.9M

vol

4 deals

Landlord

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93