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315 South Biscayne Boulevard

$13M Refinance Loan Secured For Miami Office Building On South Biscayne Boulevard
FINANCEDOffice

$13M Refinance Loan Secured For Miami Office Building On South Biscayne Boulevard

315 South Biscayne Boulevard

$13,000,000

Building Size

Asset Type

Office

Closing

Dec 22, 2023

AI

The recently completed closed transaction involves a commercial property located at 315 South Biscayne Boulevard in Miami. This office asset, owned by Gildenson Real Estate LLC and represented by Eduardo Gildenson, has undergone a refinancing process through a loan provided by Ricardo Loor from International Preferred Banking. The loan amount for this transaction was $13,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Lender: Ricardo Loor - International Preferred Banking
  • Landlord: Gildenson Real Estate LLC - Eduardo Gildenson

Ricardo Loor from International Preferred Banking has facilitated the refinancing of this office property. International Finance Bank, of which International Preferred Banking is a part, proudly operates as an Equal Housing Lender and is a Member of the Federal Deposit Insurance Corporation.

Players

Eduardo Gildenson

Gildenson Real Estate

Broker

$13M

vol

3 deals

Broker
IB
International Preferred Banking Lender

North 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93