Edwin Gelman & Britney Shenkman Secure $2,275,000 Loan For Retail Acquisition In Fort Lauderdale
2701 West Broward Boulevard & 820 East 49th Street
$2,275,000
Building Size
—
Asset Type
Retail
Closing
Jun 30, 2026
About this deal
AI
The asset involved in this transaction is retail-focused, located at 2701 West Broward Boulevard & 820 East 49th Street in the markets of Fort Lauderdale and Hialeah. The loan amount secured for this acquisition is $2,275,000, indicating a significant investment in these retail properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,275,000
- Lender: Edwin Gelman & Britney Shenkman - Hirshmark Capital
- Landlord: Malinsky Family
- Loan Type: Acquisition
- Date of Transaction: 06/30/2026
In this transaction, Edwin Gelman and Britney Shenkman from Hirshmark Capital function as the lenders. The Malinsky Family acts as the landlord for the properties involved in this acquisition, signifying their role in the ownership and management aspects of the transaction.
On the Map
$2,275,000
Retail
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Players
Fort Lauderdale 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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93