FINANCED
New York Life Provides $81M Construction Loan For Mixed-Use Property In Hialeah
9715 Northwest 138th Street
Mixed-use
190,000 SF
190,000 SF
Financed 1 year ago
Summary
Loan
FLORIDA
Mixed-use
190,000 sqft
A mixed-use property located at 9715 NW 138th St in Hialeah has been involved in a closed transaction. The property consists of 244 units and spans across 190,000 square feet. The deal was finalized on 05/09/2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $81,000,000
- Address: 9715 NW 138th St
- Market: Hialeah
- Units: 244
- Square Footage: 190,000
The loan for this transaction was provided by New York Life Insurance Company. The loan amount is $81,000,000, and it is a construction loan with interest-only terms for 3 years. After the construction phase, the loan will convert into a 27-year self-amortizing loan. The landlord of the property is Dacar Management, represented by Alberto Micha. The brokers involved in the deal were Jason Shapiro, Sean Harrington, and Joel Zusman from Aztec Group, Inc.
Players
All
4
Agents
3
Agencies
1
Details
FINANCED
IMAGE: Alberto Micha, Jason Shapiro, Sean Harrington & Joel Zusman
DATE: 05/09/2022
ADDRESS: 9715 NW 138th St
MARKET: Hialeah
ASSET TYPE: Mixed-use ~ UNITS: 244 ~ SF: 190,000
LENDER: New York Life Insurance Company (@NewYorkLife)
LANDLORD: Dacar Management - Alberto Micha
BROKERS: Jason Shapiro, Sean Harrington & Joel Zusman - Aztec Group, Inc. (@AztecGroupInc)
LOAN AMOUNT: $81,000,000
LOAN TYPE: Construction
LOAN TERMS: Interest-only 3-year construction loan, converting to a 27-year self-amortizing loanView on map
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Address9715 Northwest 138th Street
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