MMG Equity Partners Refinances Retail Property In Miami For $26.6M Loan, Guardian Life Provides Funding
FINANCED
$26,600,000
Florida
See Similar DealsRetail98,943 SF
Financed 08/20/2021
FINANCED
MMG Equity Partners Refinances Retail Property In Miami For $26.6M Loan, Guardian Life Provides Funding
13712 Southwest 152nd Street, Miami, FL, USA
See Similar DealsRetail98,943 SF
Financed 08/20/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$268
Total Square Footage:98,943 SF
Transaction Type:Loan
The retail property located at 13712 SW 152 St in Miami has recently undergone a refinancing transaction. The loan amount for this transaction was $26,600,000, provided by Guardian Life. The property spans a total of 98,943 square feet and is owned by MMG Equity Partners, with Gabriel Navarro serving as the landlord. The deal was facilitated by brokers Brian Gaswirth and Chris Drew of JLL.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,600,000
- Address: 13712 SW 152 St
- Market: Miami
- Lender: Guardian Life
- Landlord: MMG Equity Partners - Gabriel Navarro
- Brokers: Brian Gaswirth & Chris Drew - JLL
- Square Footage: 98,943 SF
The refinancing deal for the retail property at 13712 SW 152 St in Miami was successfully executed with the assistance of brokers Brian Gaswirth and Chris Drew from JLL. Guardian Life provided a loan of $26,600,000 for this transaction. The property, owned by MMG Equity Partners with Gabriel Navarro as the landlord, spans a total of 98,943 square feet.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,600,000.00
Monthly NOI$177,333.33
Monthly Debt Service$168,130.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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