Palermo Financial Group Refinances Note In Skylake, Miami For $1.9M
1910 Northeast 193rd Street
$1,900,000
$477/SF
Building Size
3,982 SF
Asset Type
Other
Closing
Sep 27, 2022
About this deal
AI
The property involved in this closed transaction is a Note in Skylake, Miami. The property has a total square footage of 3,982 and is located at 1910 NE 193rd St.
Summary of transaction details
- Property Type: Note
- Transaction Amount: Not mentioned
- Market: Skylake, Miami
- Lender: Palermo Financial Group
- Landlord: Vincent Blanchette - Groupe Blanchette
- Broker: Warren Krupp - American Bancshares Mortgage
The lender for this transaction is Palermo Financial Group. The landlord in this deal is Vincent Blanchette from Groupe Blanchette. The broker representing the deal is Warren Krupp from American Bancshares Mortgage.
On the Map
$1,900,000
$477/SF
Other
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Players
Miami Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93