Hudson Bay Capital Provides $104 Million Refinance Loan For Retail Asset In Miami
3825 Northwest 7th Street
$104,000,000
$296/SF
Building Size
350,873 SF
Asset Type
Retail
Closing
Dec 31, 2024
AI
The property asset involved in the transaction is a retail space located at 3825 Northwest 7th Street in the Miami market. The asset encompasses a total area of 350,873 square feet and is associated with a loan amount of $104,000,000 for refinancing. The landlord for this property is Terra, represented by David Martin.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $104,000,000
- Address: 3825 Northwest 7th Street
- Market: Miami
- Asset Size: 350,873 SF
- Lender: Hudson Bay Capital
- Landlord: Terra - David Martin
- Broker Representatives: Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Christopher de Raet, and Marlon Robins - Walker & Dunlop
- Loan Type: Refinance
The key individuals involved in the deal include brokers from Walker & Dunlop, with Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Christopher de Raet, and Marlon Robins representing the transaction. The financing was facilitated through Hudson Bay Capital, highlighting collaboration among various stakeholders in the real estate sector.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93