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INB Bank Provides $5M Refinance Loan For Ratia Miami River In Miami

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FINANCED
$5,000,000

Florida

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Mixed-use15,500 SF
Financed 02/16/2024
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Property Image
FINANCED

INB Bank Provides $5M Refinance Loan For Ratia Miami River In Miami

2222 Northwest North River Drive

See Similar Deals
Mixed-use15,500 SF
Financed 02/16/2024
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$322
Total Square Footage:15,500 SF
Transaction Type:Loan

The mixed-use property located at 2222 Northwest North River Drive in Miami spans 15,500 square feet. The property was refinanced for $5,000,000 with INB Bank. The landlord of the property is Ratia Miami River, owned by Ricardo Ratia. The deal was facilitated by Emile Schachter from WD Capital Group and Jose Degwitz from Ordeg Capital.

Summary of transaction details:

Emile Schachter from WD Capital Group and Jose Degwitz from Ordeg Capital played crucial roles as brokers in the refinancing deal, representing the parties involved in the transaction. Ricardo Ratia, the owner of Ratia Miami River, served as the landlord for the property, overseeing the successful refinancing process.

Players

22 deals$419.9M volume
BROKER


INB Bank
LENDER

Details

FINANCED
IMAGE: Emile Schachter & Jose Degwitz DATE: 02/16/2024 ADDRESS: 2222 Northwest North River Drive MARKET: Miami ASSET TYPE: Mixed-use ~ SF: 15,500 LENDER: INB Bank LANDLORD: Ratia Miami River - Ricardo Ratia BROKERS: Emile Schachter (@EmileSchachter) - WD Capital Group (@WDCapitalGroup); Jose Degwitz - Ordeg Capital LOAN AMOUNT: $5,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$5,000,000.00

Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00