W Finance Provides $3.5M Refinance Loan For Retail Property At 1005 East Hallandale
1005 E Hallandale
$3,500,000
$538/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Feb 7, 2024
AI
The retail property located at 1005 East Hallandale in Broward was recently involved in a loan transaction. The property spans 6,500 square feet and is owned by Oasis Hallandale. The loan, which was for a refinance, was provided by W Finance in the amount of $3,500,000.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,500,000
- Address: 1005 East Hallandale
- Market: Broward
- Loan Type: Refinance
- Landlord: Oasis Hallandale
The loan transaction was facilitated by two brokers. Emile Schachter represented the borrower through WD Capital Group, while Jose Degwitz represented the lender through Ordeg Capital LLC.
Players
Hallandale 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93