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3825 Northwest 7th Street

Hudson Bay Capital Provides $104 Million Refinance Loan For Retail Asset In Miami
FINANCEDRetail

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:

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

Aaron Appel

Walker & Dunlop

Broker

$32.5B

vol

194 deals

Broker
Hudson Bay Capital
Hudson Bay CapitalLender

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