SteeleHarbour Capital Partners Secures $14 Million Loan For Mixed-use Property In Nokomis
1115 Twin Laurel Boulevard
$14,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 18, 2025
AI
The property asset involved in this transaction is located at 1115 Twin Laurel Boulevard in Nokomis. It is classified as a mixed-use asset and is backed by a loan amount of $14,000,000 with floating rate terms set for a duration of 12 months.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $14,000,000
- Lender: RMWC
- Landlord: SteeleHarbour Capital Partners
- Brokers: Charles Foschini, Chris Apone & Shannon Wilson - Berkadia
This transaction features key individuals including brokers Charles Foschini, Chris Apone, and Shannon Wilson, who are affiliated with Berkadia, representing the interests of the parties involved in this loan transaction.
Players
Nokomis 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93