Banesco USA Provides $8.9M Refinance Loan For Retail Property In Wynwood, Miami
2701 Northwest 2nd Avenue, Miami, Florida 33127, United States
$8,985,000
$1,079/SF
Building Size
8,327 SF
Asset Type
Retail
Closing
Apr 7, 2022
About this deal
AI
The retail property located at 2701 NW 2nd Ave in Wynwood, Miami was recently involved in a loan transaction. The property spans an area of 8,327 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,985,000
- Loan Type: Refinance
The loan for this transaction was provided by Banesco USA. The landlord of the property is Link Real Estate, represented by Dan Arev. The broker involved in the deal is Brandon Perdeck, from Aries Capital.
On the Map
$8,985,000
$1,079/SF
Retail
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Players
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
1.77%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93