Triarch Capital Group Secures $7M Loan For Retail Property At 19905-19925 Biscayne Blvd In Aventura
FINANCED
$7,000,000
Florida
See Similar DealsRetail78,486 SF
Financed 07/08/2020
FINANCED
Triarch Capital Group Secures $7M Loan For Retail Property At 19905-19925 Biscayne Blvd In Aventura
19905 Biscayne Blvd, Aventura, FL 33180, USA
See Similar DealsRetail78,486 SF
Financed 07/08/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$89
Total Square Footage:78,486 SF
Transaction Type:Loan
The retail property located at 19905-19925 Biscayne Blvd in Aventura has recently been involved in a closed property transaction. The property spans over 78,486 square feet and is owned by Triarch Capital Group.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
The loan for this transaction was provided by Correspondent Life Insurance Co. The loan amount was $7,000,000 with a term of 10 years.
The brokers involved in this deal were Paul Ahmed and Mackenzie Fry from CBRE.
Players
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,000,000.00
Monthly NOI$46,666.67
Monthly Debt Service$44,244.76
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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