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
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