W Finance Provides $3.5M Refinance Loan For Retail Property At 1005 East Hallandale
FINANCED
$3,500,000
Florida
See Similar DealsRetail6,500 SF
Financed 02/07/2024
FINANCED
W Finance Provides $3.5M Refinance Loan For Retail Property At 1005 East Hallandale
1005 E Hallandale
See Similar DealsRetail6,500 SF
Financed 02/07/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$538
Total Square Footage:6,500 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,500,000.00
Monthly NOI$23,333.33
Monthly Debt Service$22,122.38
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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