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Palermo Financial Group Refinances Note In Skylake, Miami For $1.9M

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FINANCED
$1,900,000

Florida

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Other3,982 SF
Financed 09/27/2022
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Property Image
FINANCED

Palermo Financial Group Refinances Note In Skylake, Miami For $1.9M

1910 Northeast 193rd Street

See Similar Deals
Other3,982 SF
Financed 09/27/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$477
Total Square Footage:3,982 SF
Transaction Type:Loan

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.

Players

Warren Krupp
American Bancshares Mortgage
Warren Krupp
3 deals$11.7M volume
BROKER
Palermo Lender
Palermo Lender
LENDER

Details

FINANCED
IMAGE: Warren Krupp DATE: 09/28/2022 ADDRESS: 1910 NE 193rd St MARKET: Skylake, Miami ASSET TYPE: Note ~ SF: 3,982 LENDER: Palermo Financial Group (@PalermoFinancial) LANDLORD: Vincent Blanchette (@VincentbBlanchette)- Groupe Blanchette (@Kaled_Alpo) BROKER: Warren Krupp (@Wrk001) - American Bancshares Mortgage (@MyAbsm) LOAN AMOUNT: $1,900,000 LOAN TYPE: Refinance LOAN TERMS: Refinanced via a 24-month Interest-only Bridge Loan

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,900,000.00

Monthly NOI$12,666.67
Monthly Debt Service$12,009.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00