Berkadia Brokers $21.2M Land Loan For Retail Property In Cutler Bay, Miami
20701 Southwest 112th Avenue
$21,200,000
Building Size
—
Asset Type
Retail
Closing
Oct 18, 2022
About this deal
AI
The retail property located at 20701 SW 112th Ave in Cutler Bay, Miami was involved in a recent loan transaction.
Summary of transaction details
- Asset Type: Retail
- Loan Amount: $21,200,000
- Loan Type: Land
- Lender: Bridgeinvest
- Landlord: BH Group - Issac Toledano & Joe Lubeck; Electra America
- Brokers: Scott Wadler, Brad Williamson, Matt Robbins & Mitch Sinberg - Berkadia
The loan transaction was facilitated by Bridgeinvest. The property's landlords are BH Group represented by Issac Toledano and Joe Lubeck, along with Electra America. The deal was brokered by Scott Wadler, Brad Williamson, Matt Robbins & Mitch Sinberg from Berkadia.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse Miami retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93