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:
- Property Type: Mixed-use
- Transaction Amount: $10,000,000
- Loan Type: Refinance
- Lender: Steven Jemal & Robert Schwartz - S3 Capital Partners
- Landlord: Robert Thorne & Fernando De Nunez
- Broker: Emile Schachter - WD Capital Group
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
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