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
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