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1101 S Miami Ave, Downtown ...

RBI Mortgages Provides $3.25M Acquisition Loan For Property On 1101 S Miami Ave In Brickell, Miami
FINANCEDOffice

RBI Mortgages Provides $3.25M Acquisition Loan For Property On 1101 S Miami Ave In Brickell, Miami

1101 S Miami Ave, Downtown Miami, Miami, FL, USA

$3,250,000

$2,784/SF

Building Size

1,167 SF

Asset Type

Office

Closing

May 18, 2021

AI

The recently closed property transaction in Brickell, Miami involved the acquisition of a property located at 1101 S Miami Ave. The transaction took place on 19th May 2021 and the property was purchased for an undisclosed amount. The property is situated in the vibrant market of Brickell, Miami, known for its bustling urban environment and proximity to various amenities.

Summary of transaction details:

  • Property Type: Residential
  • Transaction Amount: Undisclosed
  • Market: Brickell, Miami
  • Date: 19th May 2021

The lender in this acquisition was RBI Mortgages. RBI Mortgages is a reputable mortgage provider known for its reliable and efficient services in the real estate industry. They facilitated the loan for the buyer, enabling the successful completion of the transaction. The loan amount for this acquisition was $3,250,000, providing the necessary financial means for the buyer to secure the property.

Andres Saias captured the essence of the property in an image shared on Instagram. The image showcases the property's unique features and captures its appeal. It provides a glimpse into the aesthetic and architectural aspects of the property, giving viewers an idea of its potential value and desirability.

Players

RBI Mortgages
RBI MortgagesLender

Miami Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93