FinanceMiami Refinances Mixed-Use Property On Lenox Avenue In Miami Beach For $2.8M
FINANCED
$2,800,000
Florida
See Similar DealsMixed-use16,500 SF
Financed 11/11/2022
FINANCED
FinanceMiami Refinances Mixed-Use Property On Lenox Avenue In Miami Beach For $2.8M
1615 Lenox Avenue
See Similar DealsMixed-use16,500 SF
Financed 11/11/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$169
Total Square Footage:16,500 SF
Transaction Type:Loan
The mixed-use property located at 1611-1615 Lenox Avenue in Miami Beach has recently undergone a refinancing transaction. With a total square footage of 16,500, this property offers a versatile space for multiple uses.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,800,000
- Address: 1611-1615 Lenox Avenue, Miami Beach
- Market: Miami Beach
- Lender: FinanceMiami
- Landlord: Real Properties Lenox – Eduardo Pelaez
- Broker: Emile Schachter - FinanceMiami
- Loan Type: Refinance
FinanceMiami served as the lender in this transaction, providing a loan amount of $2,800,000. The landlord, Real Properties Lenox represented by Eduardo Pelaez, successfully secured the refinancing for the property. Emile Schachter from FinanceMiami acted as the broker, assisting in the refinancing process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$2,800,000.00
Monthly NOI$18,666.67
Monthly Debt Service$17,697.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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