FINANCEDRetail
Terra Refinances Retail Property In Pembroke Pines For $43.7M
16000 Pines Boulevard, Pembroke Pines, FL, USA
$43,700,000
$76/SF
Building Size
574,360 SF
Asset Type
Retail
Closing
Jun 18, 2020
AI
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
Pembroke Pines 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93