Eastern Union Provides $10M Loan For 4 Retail Properties In Palm Springs, Pembroke Pines, And Hialeah
Palm Springs, Florida, United States
$10,000,000
$82/SF
Building Size
120,749 SF
Asset Type
Retail
Closing
Mar 6, 2022
About this deal
AI
Four retail properties located in Palm Springs, Pembroke Pines, and Hialeah have recently been involved in a loan transaction. The total square footage of the retail assets combined is 120,749 square feet. The loan amount for this transaction is $10,000,000. The lender in this deal is Eastern Union, represented by Andy Gamez, Marc Tropp, and Barry Dollman.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 4 Retail Properties
- Market: Palm Springs, Pembroke Pines, Hialeah
- Lender: Eastern Union - Andy Gamez, Marc Tropp & Barry Dollman
The key individuals in this loan transaction are Andy Gamez, Marc Tropp, and Barry Dollman. They represent Eastern Union as the lender in this deal. The loan amount of $10,000,000 was provided for the four retail properties located in Palm Springs, Pembroke Pines, and Hialeah.
Players
Palm Springs 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93