Madison Realty Capital Provides $94M Construction Loan For Mixed-Use Property In Pompano Beach
2635 North Riverside Drive, Pompano Beach, Florida 33062, United States
$94,000,000
$182/SF
Building Size
513,929 SF
Asset Type
Mixed-use
Closing
May 15, 2022
About this deal
AI
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.
On the Map
$94,000,000
$182/SF
Mixed-use
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Players
Pompano Beach 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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93