Carlos Vazquez Of Nexos Invest Provides $3M Acquisition Loan For Mixed-Use Property In Miami
300 Biscayne Boulevard
$3,000,000
$670/SF
Building Size
4,477 SF
Asset Type
Mixed-use
Closing
Dec 3, 2024
AI
The property asset involved in this transaction is a mixed-use facility located at 300 Biscayne Boulevard in Miami, encompassing a total of 4,477 square feet. The acquisition loan secured for the property amounted to $3,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 300 Biscayne Boulevard
- Market: Miami
- Lender: Carlos Vazquez - Nexos Invest
- Landlord: Aston Martin
- Broker: Mauricio Ordoñez & Gaston Schneider - QKapital
The key individuals involved in this deal include Carlos Vazquez, representing Nexos Invest as the lender, and Aston Martin as the landlord. The brokerage representation was handled by Mauricio Ordoñez and Gaston Schneider from QKapital.
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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93