New Wave Loans Provides $22.9M Construction Loan For Mixed-Use Property In Naranja
FINANCED
$22,919,000
Florida
See Similar DealsMixed-use185,663 SF
Financed 02/16/2023
FINANCED
New Wave Loans Provides $22.9M Construction Loan For Mixed-Use Property In Naranja
26140 S Dixie Hwy
See Similar DealsMixed-use185,663 SF
Financed 02/16/2023
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$123
Total Square Footage:185,663 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$22,919,000.00
Monthly NOI$152,793.33
Monthly Debt Service$144,863.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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