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Fred Nudel Of Absolut Financial Resources Secures $8.75M Refinance Loan For Retail Asset In Homestead

Property Image
FINANCED
$8,750,000

Florida

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Retail144,525 SF
Financed
the dealplayerscompscontact
Property Image
FINANCED

Fred Nudel Of Absolut Financial Resources Secures $8.75M Refinance Loan For Retail Asset In Homestead

Retail144,525 SF
Financed
the dealplayerscompscontact
Contact now

Summary

Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:144525 SF
Transaction Type:Loan

The asset involved in this transaction is a retail property located in the Homestead market, with a total square footage of 144,525. The loan amount secured for this property is $8,750,000, which was executed as a refinance. The lender for this transaction is SouthState Bank.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,750,000
  • Loan Type: Refinance
  • Lender: SouthState Bank
  • Broker: Fred Nudel - Absolut Financial Resources

Fred Nudel of Absolut Financial Resources, established in 1989, has facilitated this loan transaction, reinforcing their reputation in commercial real estate finance by arranging competitive financing options across various asset classes.

Players

Fred Nudel
Absolut Financial Resources
Fred Nudel
1 deal$8.8M volume(786) 457-4815
BROKER
Southstate Bank
Southstate Bank
LENDER

Details

FINANCED
IMAGE: Fred Nudel DATE: 03/06/2026 MARKET: Homestead ASSET TYPE: Retail ~ SF: 144,525 LENDER: SouthState Bank (@SouthStateBank) BROKER: Fred Nudel - Absolut Financial Resources LOAN AMOUNT: $8,750,000 LOAN TYPE: Refinance NOTE FROM BROKER: Absolut Financial Resources (AFR) is pleased to announce the successful closing of another loan transaction. In business since 1989, AFR has built a reputation for excellence in commercial real estate finance — arranging and structuring loans across all asset classes with competitive rates and attractive terms, including non-recourse options. Whether it's your next acquisition, refinance, or development deal, we'd love to help you get it done.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,750,000.00

Monthly NOI$58,333.33
Monthly Debt Service$55,305.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00