Bert R. Dweck Of Hirshmark Capital Provides $3.15M Acquisition Loan For Retail At 1323 Washington Avenue
1323 Washington Avenue
$3,150,000
Building Size
—
Asset Type
Retail
Closing
Nov 6, 2025
AI
The property involved is a retail asset located at 1323 Washington Avenue in Miami Beach, FL. The loan amount associated with this transaction is $3,150,000, categorized as an acquisition loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,150,000
- Lender: Bert R. Dweck - Hirshmark Capital
- Landlord: Jimmy Saada - Mulberry Miami Investments
- Landlord's Representative: Felix Ades - Northgate Real Estate Group
- Loan Type: Acquisition
Key individuals involved in this transaction include Bert R. Dweck, who represents Hirshmark Capital as the lender; Jimmy Saada, acting as the landlord from Mulberry Miami Investments; and Felix Ades, who represents the landlord through Northgate Real Estate Group.
Players
Miami Beach 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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93