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3270 Northwest 36th Street,...

Updated Dec 21, 2023

Equitas Capital Group Arranges $1.14M Acquisition Loan For Miami Package Deal
FINANCEDOther

Equitas Capital Group Arranges $1.14M Acquisition Loan For Miami Package Deal

3270 Northwest 36th Street, Miami, FL, USA

$1,140,000

$114/SF

Building Size

10,000 SF

Asset Type

Other

Closing

Oct 26, 2021

About this deal

AI

Equitas Capital Group, led by broker Alex Leykind, has facilitated a package deal involving three properties in Miami. The properties, located at 3270 NW 36th Street, 3288 NW 36th Street, and 3267 NW 35th Street, offer a combined square footage of approximately 10,000 square feet.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $1,140,000
  • Loan Type: Acquisition
  • Loan Terms: 3.85% rate, 15 years fixed, 20-year amortization, 5 4 3 2 1 prepay

The loan for this transaction was provided by Equitas Capital Group. The loan amount of $1,140,000 will support the acquisition of the package deal. The loan terms include a fixed interest rate of 3.85% for 15 years, with a 20-year amortization schedule. Additionally, there is a prepayment option with a gradual reduction of the prepayment penalty each year.

Equitas Capital Group prides itself on offering customized solutions to meet clients' commercial financing needs. Their dedicated team of experts utilizes market-leading technology to secure loans with low rates and attractive benefits. With a focus on efficiency, Equitas ensures a satisfactory transaction experience for their clients. For more information or assistance with commercial financing needs, contact Equitas Capital Group at 646.637.7510.

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

Miami Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Deal FAQ

About $114 per square foot on a published $1.1M for 10,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.91%

Cash-on-Cash

-3.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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