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Madison Realty Capital Provides $94M Construction Loan For Mixed-Use Property In Pompano Beach

Property Image
FINANCED
$94,000,000
Henry Bodek
Joseph Chetrit

Florida

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Mixed-use513,929 SF
Financed 05/16/2022
the dealplayerscompscontact
Property Image
FINANCED

Madison Realty Capital Provides $94M Construction Loan For Mixed-Use Property In Pompano Beach

2635 North Riverside Drive, Pompano Beach, Florida 33062, United States

See Similar Deals
Mixed-use513,929 SF
Financed 05/16/2022
Henry Bodek
Joseph Chetrit
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$182
Total Square Footage:513,929 SF
Transaction Type:Loan

A mixed-use property located at 2635 N Riverside Dr in Hillsboro Shores, Pompano Beach, has been involved in a recent closed transaction. The property spans an impressive 513,929 square feet.

Summary of Transaction Details

  • Property Type: Mixed-use
  • Transaction Amount: $94,000,000
  • Loan Type: Construction

The loan for this transaction was provided by Madison Realty Capital, represented by Josh Zegen. The landlord, Chetrit Group, was represented by Joseph Chetrit. Henry Bodek, from Galaxy Capital, acted as the broker in this deal.

Note: No additional information was available regarding this transaction.

Players

Henry Bodek
Galaxy Capital
Henry Bodek
69 deals$12.3B volume
BROKER
Madison Realty Capital
Madison Realty Capital
LENDER
Chetrit Group
Chetrit Group
LENDER
Joseph Chetrit
Chetrit Group
Joseph Chetrit
20 deals$2.3B volume
LANDLORD

Details

FINANCED
IMAGE: Josh Zegen & Joseph Chetrit DATE: 05/16/2022 ADDRESS: 2635 N Riverside Dr - Hillsboro Shores MARKET: Pompano Beach ASSET TYPE: Mixed-use ~ SF: 513,929 LENDER: Madison Realty Capital (@MadisonRealtyCapital) - Josh Zegen (@JZegen) LANDLORD: Chetrit Group - Joseph Chetrit BROKER: Henry Bodek - Galaxy Capital LOAN AMOUNT: $94,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$94,000,000.00

Monthly NOI$626,666.67
Monthly Debt Service$594,143.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00