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3618 Northeast 5th Avenue

Robert Thorne & Fernando De Nunez Secure $10M Refinance Loan For Mixed-Use Property In Miami
FINANCEDMixed-use

Robert Thorne & Fernando De Nunez Secure $10M Refinance Loan For Mixed-Use Property In Miami

3618 Northeast 5th Avenue

$10,000,000

$71/SF

Building Size

140,000 SF

Asset Type

Mixed-use

Closing

Oct 28, 2025

AI

The mixed-use property located at 3618 Northeast 5th Avenue in Miami features 180 units and encompasses a total of 140,000 square feet. The property has secured a refinancing loan amounting to $10,000,000.

Summary of transaction details:

This transaction showcases the proficiency of WD Capital Group in executing complex capital stack financings, highlighting their expertise in precision, discipline, and scale. The platform aims to enhance access to off-market opportunities, offering tailored credit and equity structures for sponsors and investors.

Players

Emile Schachter

WD Capital Group

Broker

$505.4M

vol

23 deals

Broker
WG
WD Capital GroupBrokerage
Steven Jemal

Steven Jemal

S3 Capital

Lender

$3.1B

vol

118 deals

Lender

Robert Thorne

Landlord

$104.2M

vol

6 deals

Landlord

Miami 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

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93