Chaim Cahane & Aaron Kurlansky Secure $8.7M Bridge Loan For Wynwood Mixed-Use Property
2214 North Miami Avenue, Miami, Florida 33127, United States
$8,700,000
$347/SF
Building Size
25,036 SF
Asset Type
Mixed-use
Closing
Mar 16, 2022
About this deal
AI
A mixed-use property located at 2214 N Miami Ave in Wynwood, Miami has recently been involved in a closed transaction. The property spans a total area of 25,036 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $8,700,000
- Lender: Sheridan Capital
- Sponsor: Chaim Cahane & Jon Krasner
- Sponsor's Company: 7G Realty & Forte Capital Management
The loan for this transaction was provided by Sheridan Capital. The sponsors of the deal are Chaim Cahane and Jon Krasner, representing 7G Realty and Forte Capital Management, respectively. The loan type for this transaction is a bridge loan.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Sheridan Capital to view all their deals.
Browse Florida mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93