Edwin Gelman Of Hirshmark Capital Provides $4.15M Refinance Loan For Retail Asset In Miami
4300 Northeast 2nd Avenue
$4,150,000
Building Size
—
Asset Type
Retail
Closing
Aug 28, 2025
AI
The asset involved in this transaction is a retail property located at 4300 Northeast 2nd Avenue in the Miami market. The loan amount is $4,150,000, and it is categorized as a refinance loan. The transaction reflects financial activity concerning the specified asset type without further detail on its features or specifications.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,150,000
- Lender: Edwin Gelman - Hirshmark Capital
- Landlord: Allison Greenfield
- Landlord's Representative: Emile Schachter - WD Capital Group
- Loan Type: Refinance
- Date of Transaction: 08/29/2025
Key individuals involved in this transaction include Edwin Gelman, representing Hirshmark Capital as the lender, and Allison Greenfield, the landlord. Emile Schachter is noted as the representative for the landlord, affiliated with WD Capital Group, playing a critical role in facilitating the loan agreement.
Players
Miami Shores 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
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93