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315 Northwest 25th Street

David Lerner Secures $9 Million Refinance Loan From Grove Bank & Trust For Retail Assets In Miami
FINANCEDRetail

David Lerner Secures $9 Million Refinance Loan From Grove Bank & Trust For Retail Assets In Miami

315 Northwest 25th Street, 415 Northwest 26th Street, 2801 Northwest 2nd Avenue & 347 Northwest 24th Street

$9,000,000

Building Size

Asset Type

Retail

Closing

Aug 7, 2026

AI

The retail properties involved in this transaction are located at 315 Northwest 25th Street, 415 Northwest 26th Street, 2801 Northwest 2nd Avenue, and 347 Northwest 24th Street in Miami. The total loan amount for the refinance is $9,000,000.

Summary of transaction details:

The key individuals in this transaction include David Lerner, who acts as both the borrower and the landlord's representative, facilitating the refinance process for the listed retail properties.

Players

David Lerner

DWNTWN Realty Advisors

Broker

$24.4M

vol

8 deals

Broker
David Lerner

David Lerner

Grove Bank & Trust

Lender

$24.4M

vol

8 deals

Lender
Grove Bank & Trust
Grove Bank & TrustLender

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93