Bert R. Dweck Of Hirshmark Capital Provides $9.95M Refinance For Retail Development In Miami
100 Northeast 1st Avenue & 54 Northeast 2nd Street
$9,950,000
$284/SF
Building Size
35,000 SF
Asset Type
Retail
Closing
Apr 30, 2026
AI
The property asset involved in this transaction includes a retail space with a square footage of 35,000 and a development site with 15,000 square feet. The address for this transaction is 100 Northeast 1st Avenue & 54 Northeast 2nd Street, situated in the Miami market. The total loan amount for this refinance transaction is $9,950,000.
Summary of transaction details:
- Property Type: Retail and Development Site
- Transaction Amount: $9,950,000
- Asset Square Footage: Retail - 35,000; Development Site - 15,000
- Market: Miami
- Lender: Bert R. Dweck - Hirshmark Capital
- Landlord: Daniel Pena
- Landlord's Representative: Adrian Edery & Josh Eliassian - Two50 Capital Group
This transaction features key individuals such as Bert R. Dweck from Hirshmark Capital who provided the loan. Additionally, the landlord of the property is Daniel Pena, represented in this deal by Adrian Edery and Josh Eliassian from Two50 Capital Group.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93