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Masoud Shojaee & Stephanie Shojaee Landlord $29.85M Loan For Mixed-Use Property In North Bay Village

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FINANCED
$29,850,000
Michael Horowitz
Adam Horowitz
+ 1

Florida

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Mixed-use
Financed 08/06/2025
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FINANCED

Masoud Shojaee & Stephanie Shojaee Landlord $29.85M Loan For Mixed-Use Property In North Bay Village

1872 John F Kennedy Causeway

See Similar Deals
Mixed-use
Financed 08/06/2025
Michael Horowitz
Adam Horowitz
+ 1
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Summary

FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan

The asset involved in this transaction is a mixed-use property located at 1872 John F Kennedy Causeway in North Bay Village, comprising a total of 333 units. A predevelopment loan amounting to $29,850,000 has been secured for this property.

Summary of transaction details:

The deal involves key individuals such as Masoud Shojaee and Stephanie Shojaee, representing the Shoma Group. The brokers facilitating the transaction are Michael Horowitz, Jordan Horowitz, and Adam Horowitz from Cooper Horowitz, highlighting the collaborative effort in securing the financing for this predevelopment project.

Players

Michael Horowitz
24 deals$1.1B volume
BROKER

Jordan Horowitz
Cooper Horowitz
19 deals$634.1M volume
BROKER

Adam Horowitz
Cooper Horowitz
3 deals$174.7M volume(914) 522-3861
BROKER

Cooper Horowitz
BROKERAGE

Masoud Shojaee
10 deals$424.1M volume
LANDLORD


Details

FINANCED
IMAGE: Jordan Horowitz, Michael Horowitz, Stephanie Shojaee, Adam Horowitz & Masoud Shojaee DATE: 08/06/2025 ADDRESS: 1872 John F Kennedy Causeway MARKET: North Bay Village ASSET TYPE: Mixed-use ~ UNITS: 333 LANDLORD: Masoud Shojaee @MrMasoudShojaee) & Stephanie Shojaee - Shoma Group (@ShomaGroup) BROKERS: Michael Horowitz (@MikeHoro15), Jordan Horowitz (@JayHoro15) & Adam Horowitz (@AdamrHorowitz) - Cooper Horowitz (@CooperHorowitz) LOAN AMOUNT: $29,850,000 LOAN TYPE: Predevelopment

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$29,850,000.00

Monthly NOI$199,000.00
Monthly Debt Service$188,672.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00