Deutsche Bank Provides $51M Loan For Mixed-Use Property In Pembroke Pines
FINANCED
$51,000,000
Florida
See Similar DealsMixed-use
Financed 07/26/2020
FINANCED
Deutsche Bank Provides $51M Loan For Mixed-Use Property In Pembroke Pines
Pembroke Pines, FL, USA
See Similar DealsMixed-use
Financed 07/26/2020
Summary
FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$51,000,000.00
Monthly NOI$340,000.00
Monthly Debt Service$322,354.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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