3650 REIT Provides $76M Loan For Mixed-Use Property In Wynwood With Landlord Rose & Berg Realty Group
2916 N Miami Ave, Wynwood, Miami, FL, USA
$76,000,000
$309/SF
Building Size
245,900 SF
Asset Type
Mixed-use
Closing
Jan 2, 2020
About this deal
AI
Located at 2916 North Miami Ave in Wynwood, this mixed-use property recently underwent a closed transaction. The property spans 245,900 square feet and is situated in a vibrant market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $76,000,000
- Lender: 3650 REIT
- Landlord: Rose & Berg Realty Group - Aron Rosenberg
- Broker: Charles Foschini - Berkadia Commercial Mortgage
Key individuals and companies involved in the deal include Aron Rosenberg from Rose & Berg Realty Group, acting as the landlord, and Charles Foschini from Berkadia Commercial Mortgage, representing the borrower. They played instrumental roles in facilitating this transaction.
On the Map
$76,000,000
$309/SF
Mixed-use
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Players
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93