Sammy Hakimian, Michael Hakimian & Daniel Nadri Of Hakimian Capital Provide $7M Loan For Mixed-use Property In Miami Beach
FINANCED
$7,000,000
Florida
See Similar DealsMixed-use23,356 SF
Financed 07/29/2024
FINANCED
Sammy Hakimian, Michael Hakimian & Daniel Nadri Of Hakimian Capital Provide $7M Loan For Mixed-use Property In Miami Beach
727 Collins Avenue
See Similar DealsMixed-use23,356 SF
Financed 07/29/2024
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$299
Total Square Footage:23,356 SF
Transaction Type:Loan
The property involved in this transaction is a mixed-use asset located at 727 Collins Avenue in Miami Beach, boasting a total square footage of 23,356. The acquisition loan for the property amounts to $7,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Address: 727 Collins Avenue
- Market: Miami Beach
- Lender: Sammy Hakimian, Michael Hakimian & Daniel Nadri - Hakimian Capital
- Landlord: Elliot Sohayegh - Miami 727 Collins
- Loan Type: Acquisition
The key individuals in this transaction include the lenders Sammy Hakimian, Michael Hakimian, and Daniel Nadri, representing Hakimian Capital, as well as the landlord Elliot Sohayegh affiliated with Miami 727 Collins, thus indicating a collaborative effort between the involved parties in facilitating this acquisition loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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