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LMF Commercial Provides $43.5M Refinance Loan For Mixed-Use Property In Miami Design District

Property Image
FINANCED
$43,500,000
Michael (Thomas) Basinski
Matthew (Matt) Nihan
Scott Wadler
+ 1

Florida

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Mixed-use112,896 SF
Financed 07/28/2022
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Property Image
FINANCED

LMF Commercial Provides $43.5M Refinance Loan For Mixed-Use Property In Miami Design District

4141 Northeast 2nd Avenue

See Similar Deals
Mixed-use112,896 SF
Financed 07/28/2022
Michael (Thomas) Basinski
Matthew (Matt) Nihan
Scott Wadler
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$385
Total Square Footage:112,896 SF
Transaction Type:Loan

The mixed-use property located at 4141 NE 2nd Ave in Miami Design District has recently undergone a refinancing transaction. The property spans a total area of 112,896 square feet and is owned by DACRA, represented by Craig Robins and Alex Schapiro. The property has attracted a loan amount of $43,500,000 from LMF Commercial.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $43,500,000
  • Address: 4141 NE 2nd Ave
  • Market: Miami Design District
  • Landlord: DACRA - Craig Robins & Alex Schapiro

In facilitating the refinancing, the brokers involved in the deal were Scott Wadler, Matt Nihan, and Mike Basinski from Berkadia.

Players

Scott Wadler
Berkadia
Scott Wadler
160 deals$9.8B volume
BROKER
Matthew (Matt) Nihan
Berkadia
Matthew Nihan
23 deals$724.2M volume
BROKER
Michael (Thomas) Basinski
Berkadia
Michael Basinski
40 deals$3.7B volume
BROKER
LMF Commercial
LMF Commercial
BROKERAGE
LMF Commercial
LMF Commercial
LENDER
CR
Craig Robins
5 deals$519.8M volume
LANDLORD
D
DACRA
LANDLORD

Details

FINANCED
IMAGE: Mike Basinski, Craig Robins, Scott Wadler, Alex Schapiro & Matt Nihan DATE: 07/28/2022 ADDRESS: 4141 NE 2nd Ave MARKET: Miami Design District ASSET TYPE: Mixed-use ~ SF: 112,896 LENDER: LMF Commercial LANDLORD: DACRA - Craig Robins & Alex Schapiro BROKERS: Scott Wadler, Matt Nihan & Mike Basinski - Berkadia LOAN AMOUNT: $43,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,500,000.00

Monthly NOI$290,000.00
Monthly Debt Service$274,949.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00