Gomez Development Group Secures $45M Construction Loan For Medical Office In Aventura
FINANCED
$45,000,000
Florida
See Similar DealsOffice263,371 SF
Financed 10/26/2021
FINANCED
Gomez Development Group Secures $45M Construction Loan For Medical Office In Aventura
21291 Northeast 28th Avenue, Aventura, FL, USA
See Similar DealsOffice263,371 SF
Financed 10/26/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:263,371 SF
Transaction Type:Loan
The medical office property located at 21291 NE 28th Ave in Aventura has recently completed a closed transaction. Spanning 263,371 square feet and sitting on 1.63 acres, this property offers ample space for medical professionals to serve their patients. The deal involved a construction loan provided by ParkView Financial, with a loan amount of $45,000,000. The lender saw the potential in this property and supported its development.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $45,000,000
- Address: 21291 NE 28th Ave
- Market: Aventura
- Size: 263,371 square feet
- Acres: 1.63
Gomez Development Group, led by Marlon Gomez, played a key role as the landlord in this transaction. Their expertise and vision in the development of the medical office property attracted the attention of ParkView Financial, who provided the construction loan. Marlon Gomez's leadership and guidance ensured the successful completion of this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$45,000,000.00
Monthly NOI$300,000.00
Monthly Debt Service$284,430.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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