Terra Secures $291 Million Permanent Financing From JVP Management & Hudson Bay Capital In Miami
FINANCED
$291,000,000
Florida
See Similar DealsMixed-use350,000 SF
Financed 12/30/2024
FINANCED
Terra Secures $291 Million Permanent Financing From JVP Management & Hudson Bay Capital In Miami
Northwest 7th Street and Northwest 37th Avenue
See Similar DealsMixed-use350,000 SF
Financed 12/30/2024
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$831
Total Square Footage:350,000 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at Northwest 7th Street & Northwest 37th Avenue in the Miami market. It encompasses a total square footage of 350,000 and has secured permanent financing amounting to $291,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $291,000,000
- Address: Northwest 7th Street & Northwest 37th Avenue
- Market: Miami
- Lender: JVP Management & Hudson Bay Capital
- Landlord: Terra
- Landlord's Representative: Keith Kurland - Walker & Dunlop
- Loan Type: Permanent financing
The transaction features significant involvement from key players in the real estate finance sector. The lenders, JVP Management and Hudson Bay Capital, played a critical role in facilitating the loan. Keith Kurland from Walker & Dunlop represents the landlord, Terra, in this significant financing agreement.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$291,000,000.00
Monthly NOI$1,940,000.00
Monthly Debt Service$1,839,317.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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