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150 Southwest 7th Street, M...

Moinian Capital Partners Closes $142.5 Million Loan For Mixed-Use Property In Miami
FINANCEDMixed-use

Moinian Capital Partners Closes $142.5 Million Loan For Mixed-Use Property In Miami

150 Southwest 7th Street, Miami, FL, USA

$142,500,000

$2,035/SF

Building Size

70,000 SF

Asset Type

Mixed-use

Closing

Apr 14, 2019

AI

A mixed-use property located at 150 Northeast 7th Street in Miami's Hudson Yards market has secured a loan worth $142,500,000. The loan, provided by Moinian Capital Partners, consists of a $119 million senior loan and a $23.5 million mezzanine loan. The loan terms include a four-year term with a one-year extension option. The property spans across 70,000 square feet and is owned by Zom Living and The Moinian Group.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $142,500,000
  • Address: 150 Northeast 7th Street, Miami
  • Market: Hudson Yards
  • Lender: Moinian Capital Partners
  • Landlord: Zom Living and The Moinian Group

The deal was facilitated by brokers Robert Given and Robert Kaplan from Cushman & Wakefield. They represented the parties involved in the transaction and played a significant role in securing the loan for the property.

Players

Robert Given

CBRE

Broker

$4.2B

vol

44 deals

Broker
The Moinian Group
The Moinian GroupBrokerage
The Moinian Group
The Moinian GroupLender
The Moinian Group
The Moinian GroupLandlord
ZOM Living
ZOM LivingLandlord

Miami 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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93