David Eyzenberg Secures $23.5M Refinance Loan For Retail Property In Miami
1601 Southwest 107th Avenue & 1615 Southwest 107th Avenue
$23,500,000
$80/SF
Building Size
293,530 SF
Asset Type
Retail
Closing
Feb 5, 2024
AI
The property involved in this transaction is a retail asset located at 1601-1615 Southwest 107th Avenue in Miami. The property spans across a total square footage of 146,765. The loan provider for this transaction is Starwood Mortgage Capital, who provided a refinance loan of $23,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,500,000
- Address: 1601-1615 Southwest 107th Avenue
- Market: Miami
David Eyzenberg from Eyzenberg & Company represented the landlord in this deal.
Note: To read about the challenges and structured solutions for this transaction, please visit our case study page: https://eyzenberg.com/case-studies/
Miami 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93