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Mixed Use

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26140 S Dixie Hwy

Updated Oct 29, 2024

FINANCEDMixed-use

New Wave Loans Provides $22.9M Construction Loan For Mixed-Use Property In Naranja

26140 S Dixie Hwy

$22,919,000

$123/SF

Building Size

185,663 SF

Asset Type

Mixed-use

Closing

Feb 16, 2023

About this deal

AI

The Feldman Companies' mixed-use property located at 26140 S Dixie Hwy in Naranja has been involved in a recent loan transaction. The property spans a total of 185,663 square feet and is situated in a prime location. The loan amount for this transaction amounted to $22,919,000 and was provided by New Wave Loans. The loan type for this transaction is categorized as a construction loan.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $22,919,000
  • Address: 26140 S Dixie Hwy, Naranja
  • Market: Naranja
  • Landlord: The Feldman Companies - Mitchell Feldman & Jordan Feldman
  • Lender: New Wave Loans
  • Loan Type: Construction Loan

The key individuals involved in this transaction are Mitchell Feldman and Jordan Feldman from The Feldman Companies. They represent the company as the landlords for the property. This deal showcases their expertise in the real estate market and their ability to secure favorable financing through New Wave Loans for their construction project.

Players

New Wave Loans
New Wave LoansLender

Mitchell Feldman

The Feldman Companies

Landlord

$322.1M

vol

19 deals

Landlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $123 per square foot on a published $22.9M for 185,663 square feet (2023).

Visit Mitchell Feldman 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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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