BH3 Management Provides $190M Bridge Loan For Mixed-Use Property In Miami Beach
FINANCED
$190,000,000
+ 2
Florida
See Similar DealsMixed-use200,000 SF
Financed 07/26/2023
FINANCED
BH3 Management Provides $190M Bridge Loan For Mixed-Use Property In Miami Beach
1751 Collins Ave Miami Beach, FL 33139, USA
See Similar DealsMixed-use200,000 SF
Financed 07/26/2023
+ 2
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$950
Total Square Footage:200,000 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$190,000,000.00
Monthly NOI$1,266,666.67
Monthly Debt Service$1,200,929.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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