Neology Life Development Group Secures $24.1M Note Purchase Loan In Miami
FINANCED
$24,100,000
Florida
See Similar DealsMixed-use317,988 SF
Financed 04/25/2023
FINANCED
Neology Life Development Group Secures $24.1M Note Purchase Loan In Miami
2301 Northwest 33rd Avenue
See Similar DealsMixed-use317,988 SF
Financed 04/25/2023
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$75
Total Square Footage:317,988 SF
Transaction Type:Loan
The loan for the property located at 2301 Northwest 33rd Avenue in Miami has been finalized. The mixed-use asset spans a total of 317,988 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $24,100,000
- Address: 2301 Northwest 33rd Avenue
- Market: Miami
- Loan Type: Note Purchase
The lender for this transaction is Forman Capital, represented by Brett Forman and Ben Jacobson. The borrower is Neology Life Development Group, represented by Lissette Calderon. Charles Foschini from Berkadia served as the broker in this deal.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,100,000.00
Monthly NOI$160,666.67
Monthly Debt Service$152,328.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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