Malinasky Family Secures $1,995,000 Acquisition Loan From Hirshmark Capital For Retail Asset
13696 Beach Boulevard
$1,995,000
$696/SF
Building Size
2,865 SF
Asset Type
Retail
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 13696 Beach Boulevard in the Jacksonville market. The asset has a total square footage of 2,865 and is associated with a loan amount of $1,995,000 used for acquisition purposes.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,995,000
- Address: 13696 Beach Boulevard
- Market: Jacksonville
- Lender: Edwin Gelman & Britney Shenkman - Hirshmark Capital
- Borrower: Malinasky Family
- Loan Type: Acquisition
Key individuals involved in the transaction include Edwin Gelman and Britney Shenkman, who represented Hirshmark Capital as the lender for the Malinasky Family, the borrower in this deal.
On the Map
$1,995,000
$696/SF
Retail
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Players
Jacksonville 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
7.95%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93