Wellmeaning Investments Refinances Mixed-Use Property In Wynwood With $28M Loan From Northern Trust
2700 N Miami Ave Miami, FL 33127, USA
$28,000,000
$280/SF
Building Size
100,000 SF
Asset Type
Mixed-use
Closing
Jun 1, 2023
AI
A mixed-use property in Wynwood, located at 2700 N Miami, has undergone a refinancing transaction. The property spans approximately 100,000 square feet and is owned by Wellmeaning Investments, represented by Eduardo Pelaez. The deal was facilitated by Emile Schachter from WD Capital Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $28,000,000
- Address: 2700 N Miami
- Market: Wynwood
Emile Schachter, a broker from WD Capital Group, played a crucial role in facilitating the refinancing deal for the mixed-use property in Wynwood. Wellmeaning Investments, led by Eduardo Pelaez, secured a loan amounting to $28,000,000 from Northern Trust. WD Capital Group, with its expertise in structuring credit and equity facilities, is actively involved in transactions within the Florida Tri-County region. For any inquiries or opportunities, interested parties can get in touch with Emile Schachter at [email protected].
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93