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Terra Refinances Retail Property In Pembroke Pines For $43.7M

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FINANCED
$43,700,000
Ian Hawk
Keith Kurland
Jackson Sastri
+ 1

Florida

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Retail574,360 SF
Financed 06/18/2020
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Property Image
FINANCED

Terra Refinances Retail Property In Pembroke Pines For $43.7M

16000 Pines Boulevard, Pembroke Pines, FL, USA

See Similar Deals
Retail574,360 SF
Financed 06/18/2020
Ian Hawk
Keith Kurland
Jackson Sastri
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$76
Total Square Footage:574,360 SF
Transaction Type:Loan

The retail property located at 16000 Pines in Pembroke Pines has recently undergone a loan refinancing transaction. The deal took place on 06/18/2021 and involved a loan amount of $43,700,000. The property is owned by Terra, represented by David Martin, while the lending party is Thorofare, represented by Felix Gutniko

Players

Jackson Sastri
Walker & Dunlop
Jackson Sastri
4 deals$162.4M volume(301) 215-5500
BROKER
Keith Kurland
Walker & Dunlop
Keith Kurland
170 deals$29.1B volume
BROKER
Ian Hawk
Walker & Dunlop
Ian Hawk
2 deals$86.7M volume
BROKER
David Martin
Terra
David Martin
28 deals$2.2B volume
LANDLORD

Details

FINANCED
IMAGE: David Martin, Keith Kurland, Jackson Sastri, Ian Hawk & Felix Gutnikov DATE: 06/18/2021 ADDRESS: 16000 Pines MARKET: Pembroke Pines ASSET TYPE: Retail LOAN TYPE: Refinance LENDER: Thorofare - Felix Gutnikov LANDLORD: Terra - David Martin BROKERS: Keith Kurland, Jackson Sastri, & Ian Hawk LOAN AMOUNT: $43,700,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$43,700,000.00

Monthly NOI$291,333.33
Monthly Debt Service$276,213.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00