Richard Valdes Of Circle Capital Partners Secures $7.6M Refinance Loan For Mixed-Use Asset In Sunny Isles Beach
225 179th Drive
$7,600,000
$330/SF
Building Size
23,000 SF
Asset Type
Mixed-use
Closing
Jan 13, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 225 179th Drive in Sunny Isles Beach, encompassing a total square footage of 23,000. The loan amount for this refinance transaction is $7,600,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,600,000
- Lender: David Heiden - W Financial
- Landlord: Richard Valdes - Circle Capital Partners
- Broker: Emile Schachter - WD Capital Group
- Loan Type: Refinance
This transaction showcases the expertise of WD Capital in navigating complex capital stacks, emphasizing their capability to execute full-term interest-only financings. The platform is dedicated to expanding access to off-market opportunities and tailoring credit and equity structures for sponsors and investors seeking superior execution.
Players
Sunny Isles Beach 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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93