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1005 East 31st Street

Updated Aug 11, 2026

Mr. Glitz Secures $6.3 Million Loan For Tropical Glitz Acquisition In Hialeah
FINANCEDOther

Mr. Glitz Secures $6.3 Million Loan For Tropical Glitz Acquisition In Hialeah

1005 East 31st Street

$6,300,000

$208/SF

Building Size

30,224 SF

Asset Type

Other

Closing

Aug 3, 2026

About this deal

AI

The property asset involved in the transaction is located at 1005 East 31st Street in Hialeah. This asset, categorized under "Other," encompasses a total square footage of 30,224. The loan amount secured for the acquisition of this property is $6,300,000 under a loan type with terms of 25 years and a loan-to-value ratio of 90%.

Summary of transaction details:

  • Property Type: Other
  • Transaction Amount: $6,300,000
  • Lender: Dianmary Reyes & Martin J. Morin - The Martin Group Financial
  • Borrower: Mr. Glitz / Tropical Glitz
  • Title Company: Ricardo Teran - Folio Title
  • Date: 08/03/2026

The key individuals involved in this transaction include the lender team of Dianmary Reyes and Martin J. Morin, both representing The Martin Group Financial. The title company is represented by Ricardo Teran from Folio Title. Mr. Glitz is acting as the borrower for the Tropical Glitz entity in this acquisition deal.

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$6,300,000

$208/SF

Other

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Players

The Martin Group Financial
The Martin Group FinancialLender
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Hialeah Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Deal FAQ

About $208 per square foot on a published $6.3M for 30,224 square feet (2026).

Browse Hialeah other loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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