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2700 N Miami Ave Miami, FL ...

Wellmeaning Investments Refinances Mixed-Use Property In Wynwood With $28M Loan From Northern Trust
FINANCEDMixed-use

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

Emile Schachter

WD Capital Group

Broker

$505.4M

vol

23 deals

Broker
The Northern Trust Company
The Northern Trust CompanyLender
Eduardo Pelaez

Eduardo Pelaez

Wellmeaning Investments

Landlord

$300.5M

vol

12 deals

Landlord

Miami 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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93