Terranova's Stephen Bittel Refinances Miami Retail Property For $40M With Banco Popular
FINANCED
$40,000,000
Florida
See Similar DealsRetail90,621 SF
Financed 01/22/2022
FINANCED
Terranova's Stephen Bittel Refinances Miami Retail Property For $40M With Banco Popular
16867 NW 67th Avenue Miami Lakes, FL 33015
See Similar DealsRetail90,621 SF
Financed 01/22/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$441
Total Square Footage:90,621 SF
Transaction Type:Loan
The retail property located at 16867 NW 67th Avenue in Miami was involved in a recent loan transaction. The property has a total square footage of 90,621 and is owned by Terranova, represented by Stephen Bittel. The loan was provided by Banco Popular in the amount of $40,000,000, and it was a refinancing deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $40,000,000
- Address: 16867 NW 67th Avenue, Miami
- Market: Miami
- Landlord: Terranova - Stephen Bittel
- Lender: Banco Popular
Stephen Bittel, representing Terranova, was the landlord in this transaction, while Banco Popular provided the loan. The refinancing deal involved the retail property with a total square footage of 90,621 in Miami.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions