Terra Capital Partners Provides $57M Loan For Mixed-Use Property On Biscayne Boulevard In Miami
FINANCED
$57,000,000
Florida
See Similar DealsMixed-use40,000 SF
Financed 04/10/2019
FINANCED
Terra Capital Partners Provides $57M Loan For Mixed-Use Property On Biscayne Boulevard In Miami
1100 Biscayne Boulevard, Miami, FL 33132
See Similar DealsMixed-use40,000 SF
Financed 04/10/2019
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$1,425
Total Square Footage:40,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,000,000.00
Monthly NOI$380,000.00
Monthly Debt Service$360,278.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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