Terry Salzman - Salzman Real Estate Advisors Secures $7.6M Loan For Retail Property In Dania Beach
FINANCED
$7,600,000
Florida
See Similar DealsRetail25,515 SF
Financed 04/27/2021
FINANCED
Terry Salzman - Salzman Real Estate Advisors Secures $7.6M Loan For Retail Property In Dania Beach
700 Stirling Road, Dania Beach, FL, USA
See Similar DealsRetail25,515 SF
Financed 04/27/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$297
Total Square Footage:25,515 SF
Transaction Type:Loan
A retail property located at 700 Stirling Road in Dania Beach has recently undergone a closed transaction. The property features a total area of 25,515 square feet and is situated in the thriving market of Dania Beach.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,600,000
- Loan Amount: $7,600,000
- Loan Terms: The loan is a 15-year loan with a fixed interest rate below 3.8 percent. It was structured with a loan-to-value ratio of 60 percent.
- Address: 700 Stirling Road
- Market: Dania Beach
The landlord involved in this deal is Terry Salzman from Salzman Real Estate Advisors. Representing the landlord, the brokers responsible for the transaction are Howard Taft and Joel Zusman from Aztec Group Inc.
This successful transaction showcases the expertise and negotiating skills of Howard Taft and Joel Zusman as representatives of Aztec Group Inc. Their contributions were instrumental in facilitating the loan for the property, allowing for a smooth and efficient transaction process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,600,000.00
Monthly NOI$50,666.67
Monthly Debt Service$48,037.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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