BH3 Management Provides $190M Bridge Loan For Mixed-Use Property In Miami Beach
1751 Collins Ave Miami Beach, FL 33139, USA
$190,000,000
$950/SF
Building Size
200,000 SF
Asset Type
Mixed-use
Closing
Jul 26, 2023
About this deal
AI
The property involved in the transaction is a mixed-use asset located at 1751 Collins Avenue in Miami Beach. It spans a total square footage of 200,000. The transaction took place on 07/26/2023.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $190,000,000
- Lender: BH3 Management
- Landlord: SHVO
- Brokers: Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and Michael Diaz - Walker & Dunlop
- Loan Type: Bridge
The deal involved the collaboration of various key individuals and companies. Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, and Michael Diaz, represented Walker & Dunlop as brokers in the transaction. BH3 Management served as the lender, and SHVO acted as the landlord.
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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93