City National Bank Of Florida Provides $22.5M Loan For Mixed-Use Property In Hallandale Beach
FINANCED
$22,500,000
Florida
See Similar DealsMixed-use95,000 SF
Financed 06/18/2020
FINANCED
City National Bank Of Florida Provides $22.5M Loan For Mixed-Use Property In Hallandale Beach
1100 East Hallandale Beach Boulevard, Hallandale Beach, FL, USA
See Similar DealsMixed-use95,000 SF
Financed 06/18/2020
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$236
Total Square Footage:95,000 SF
Transaction Type:Loan
The mixed-use property located at 1100 East Hallandale Beach Boulevard in Hallandale Beach has recently undergone a transaction. The property, which encompasses a total area of 10.8 acres, consists of 500 units and spans over 95,000 square feet. This includes 13,100 square feet of office space and 81,900 square feet of retail space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22,500,000
- Address: 1100 East Hallandale Beach Boulevard
- Market: Hallandale Beach
The loan for this transaction was provided by City National Bank of Florida. The landlord of the property is Hallandale Oasis 2019 LLC, represented by Giuseppe Iadisernia. Maria Fermin, from an undisclosed agency, served as the broker for this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,500,000.00
Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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