Deutsche Bank Provides $51M Loan For Mixed-Use Property In Pembroke Pines
Pembroke Pines, FL, USA
$51,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 26, 2020
AI
Deutsche Bank has provided a loan of $51,000,000 for a mixed-use property in Pembroke Pines. Located at 1200 & 1300 SW 145th Avenue, the property spans across 7.6 acres.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $51,000,000
- Market: Pembroke Pines
- Address: 1200 & 1300 SW 145th Avenue
The landlord of the property is TPA Group, represented by Bradford Smith & Nathan Pramik. The loan provided by Deutsche Bank will contribute to the financing of this mixed-use property, which offers a variety of potential uses, given its versatile nature.
Players
Pembroke Pines Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93