Sheridan Capital Provides $11 Million Refinancing Loan For Office Asset In Miami Beach
FINANCED
$11,000,000
Florida
See Similar DealsOffice39,638 SF
Financed 07/17/2024
FINANCED
Sheridan Capital Provides $11 Million Refinancing Loan For Office Asset In Miami Beach
301 41st Street
See Similar DealsOffice39,638 SF
Financed 07/17/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$277
Total Square Footage:39,638 SF
Transaction Type:Loan
The property asset involved in the transaction is located at 301 41st Street, Miami Beach, and consists of an office space totaling 39,638 square feet. The loan amount for this refinance transaction is $11,000,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $11,000,000
- Lender: Sheridan Capital
- Broker: Noam Temchin - FM Capital
- Loan Type: Refinance
- Date: 07/17/2024
The key individuals involved in the deal include Noam Temchin representing FM Capital. The transaction was facilitated under the financing provided by Sheridan Capital.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,000,000.00
Monthly NOI$73,333.33
Monthly Debt Service$69,527.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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