SOLDNote / Loan
Mark Green & Alexander Shing Of Cottonwood Group Purchase Defaulted Loan On Mercedes-Benz Places Miami
1133 Southwest 2nd Avenue
Building Size
—
Asset Type
Note / Loan
Closing
Mar 27, 2026
AI
The asset involved in this transaction is a defaulted note associated with the Mercedes-Benz Places Miami, located at 1133 Southwest 2nd Avenue in Miami. The transaction occurred on March 27, 2026.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: Not specified
- Address: 1133 Southwest 2nd Avenue
- Market: Miami
- Buyer: Mark Green & Alexander Shing - Cottonwood Group
The transaction was representative of the Cottonwood Group, with Mark Green and Alexander Shing acting as the buyers in this deal.
Players
Miami Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93