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Ceiba Groupe Secures $67M Loan For Mixed-Use Property In Davie

Property Image
FINANCED
$67,000,000

Florida

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Mixed-use
Financed 02/04/2022
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Property Image
FINANCED

Ceiba Groupe Secures $67M Loan For Mixed-Use Property In Davie

3890 Davie Road, Davie, Florida 33312, United States

See Similar Deals
Mixed-use
Financed 02/04/2022
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Transaction Type:Loan

A mixed-use property located at 3890 Davie Rd in Davie has recently been involved in a closed transaction. The property consists of 201 units and is owned by Ceiba Groupe, represented by Adam Bedzow. The deal was facilitated by brokers Tom Melody, Eric McGlynn, Jonathan Paine, and Wes Wallace from Walker & Dunlop, Inc.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $67,000,000
  • Loan Terms: 10-year, non-recourse loan with a fixed interest rate

The loan for this transaction amounted to $67,000,000 and came with a 10-year term. It is a non-recourse loan with a fixed interest rate. The key individuals and companies involved in this deal include Ceiba Groupe as the property owner, represented by Adam Bedzow. The brokers who facilitated the transaction were Tom Melody, Eric McGlynn, Jonathan Paine, and Wes Wallace from Walker & Dunlop, Inc.

Players

Eric McGlynn
6 deals$547.4M volume
BROKER

Jonathan Paine
Walker & Dunlop
6 deals$232.9M volume
BROKER

Wes Wallace
Walker & Dunlop
2 deals$135M volume
BROKER

Details

FINANCED
IMAGE: Jonathan Paine, Adam Bedzow, Eric McGlynn & Tom Melody DATE: 02/04/2022 ADDRESS: 3890 Davie Rd MARKET: Davie ASSET TYPE: Mixed-use ~ UNITS: 201 LANDLORD: Ceiba Groupe (@CeibaGroupe) - Adam Bedzow BROKERS: Tom Melody, Eric McGlynn, Jonathan Paine & Wes Wallace - Walker & Dunlop, Inc (@WalkerDunlop) LOAN AMOUNT: $67,000,000 LOAN TERMS: 10-year, non-recourse loan with a fixed interest rate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$67,000,000.00

Monthly NOI$446,666.67
Monthly Debt Service$423,485.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00