Valley Bank Provides $35.6M Construction Loan For Retail Property In Miami
FINANCED
$35,581,000
+ 1
Florida
See Similar DealsRetail107,000 SF
Financed 04/18/2022
FINANCED
Valley Bank Provides $35.6M Construction Loan For Retail Property In Miami
13001 Southwest 112th Street, Miami, Florida 33186, United States
See Similar DealsRetail107,000 SF
Financed 04/18/2022
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$332
Total Square Footage:107,000 SF
Transaction Type:Loan
The retail property located at 13001 SW 112th St in Miami was involved in a closed transaction. The property spans an area of 107,000 square feet and is owned by CF Properties, represented by Spencer Friedman. The deal was facilitated by brokers Charles Penan, Howard Taft, and Joel Zusman from Aztec Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $35,581,000
- Address: 13001 SW 112th St
- Market: Miami
- Landlord: CF Properties - Spencer Friedman
- Lender: Valley Bank - Kevin Miliffe
- Loan Type: Construction Loan
- Loan Terms: 3-year term, interest-only, floating rate
The loan for the transaction was provided by Valley Bank, with Kevin Miliffe serving as the lender. The loan amount was $35,581,000, and it was a construction loan with a 3-year term, interest-only payments, and a floating rate. The landlord, CF Properties, was represented by Spencer Friedman. The deal was facilitated by brokers Charles Penan, Howard Taft, and Joel Zusman from Aztec Group.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,581,000.00
Monthly NOI$237,206.67
Monthly Debt Service$224,896.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions