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1323 Washington Avenue

Bert R. Dweck Of Hirshmark Capital Provides $3.15M Acquisition Loan For Retail At 1323 Washington Avenue
FINANCEDRetail

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

Felix Ades

Northgate Real Estate Group

Broker

$206.5M

vol

29 deals

Broker
Bert R. Dweck

Bert R. Dweck

Hirshmark Capital

Lender

$105.8M

vol

23 deals

Lender
Hirshmark Capital
Hirshmark CapitalLender

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