Gabriel Navarro, Marcel Navarro & Marcos Puente Secures $38 Million Refinance Loan From Synovus
11975 South Dixie Highway, 10969 Southwest 40th Street, 27000 Dixie Highway & 11665 South Dixie Highway
$38,000,000
$297/SF
Building Size
28,944 SF
Asset Type
Retail
Closing
Jul 24, 2025
About this deal
AI
The property asset involved in this transaction consists of four retail locations situated at 11975 South Dixie Highway, 10969 Southwest 40th Street, 27000 Dixie Highway, and 11665 South Dixie Highway, totaling 127,826 square feet in the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,000,000
- Lender: Synovus
- Loan Type: Refinance
- Loan Terms: 10 years
- Landlord: Gabriel Navarro, Marcel Navarro & Marcos Puente – MMG Equity Partners
- Landlord's Rep: Brian Gaswirth, Chris Drew & Michael Romero - JLL
The transaction highlights key individuals such as Gabriel Navarro, Marcel Navarro, and Marcos Puente, representing MMG Equity Partners as the landlords. The professionals facilitating the deal from JLL include Brian Gaswirth, Chris Drew, and Michael Romero, acting as the landlord's representatives.
On the Map
$38,000,000
$297/SF
Retail
View full map
Players
Pinecrest Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Christopher (Chris) Drew to view all their deals.
Browse Pinecrest retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93