Vertix Group Provides $18.25M Refinance Loan For Doral Office Property
FINANCED
$18,250,000
Florida
See Similar DealsOffice149,797 SF
Financed 09/02/2021
FINANCED
Vertix Group Provides $18.25M Refinance Loan For Doral Office Property
10305 Northwest 58th Street, Doral, FL 33178, USA
See Similar DealsOffice149,797 SF
Financed 09/02/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$121
Total Square Footage:149,797 SF
Transaction Type:Loan
Located at 10305 N.W. 58th St. in Doral, this office property spans a total of 149,797 square feet. The transaction took place on September 2, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $18,250,000
- Market: Doral
The loan for this transaction was provided by Vertix Group, represented by Albert Arisso and Frank Hermosa. The loan amount was $18,250,000, and it was a refinance loan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,250,000.00
Monthly NOI$121,666.67
Monthly Debt Service$115,352.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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