Lee Schwartz & Michael Yassky Of Sheridan Capital Arrange $17.25M Bridge Loan In North Miami Beach
FINANCED
$17,250,000
Florida
See Similar DealsRetail388,000 SF
Financed 03/07/2024
FINANCED
Lee Schwartz & Michael Yassky Of Sheridan Capital Arrange $17.25M Bridge Loan In North Miami Beach
1421 Northeast 163rd Street
See Similar DealsRetail388,000 SF
Financed 03/07/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$44
Total Square Footage:388,000 SF
Transaction Type:Loan
The retail property located at 1421 Northeast 163rd Street in North Miami Beach spans 350,000 square feet. The asset type is retail, and the transaction took place involving a bridge loan amounting to $17,250,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,250,000
- Address: 1421 Northeast 163rd Street
- Market: North Miami Beach
Lee Schwartz and Michael Yassky from Sheridan Capital served as the lender's representatives in this deal.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,250,000.00
Monthly NOI$115,000.00
Monthly Debt Service$109,031.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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