Ceiba Groupe Secures $67M Loan For Mixed-Use Property In Davie
3890 Davie Road, Davie, Florida 33312, United States
$67,000,000
Units
201
Asset Type
Mixed-use
Closing
Feb 3, 2022
About this deal
AI
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.
On the Map
$67,000,000
Mixed-use
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Players
Davie 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93