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.
On the Map
$22,919,000
$123/SF
Mixed-use
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Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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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