Manuel Vidal Of Metropolitan Commercial Bank Provides Acquisition Loan For Retail Property In West Palm Beach
319 Belvedere Road
Building Size
14,800 SF
Asset Type
Retail
Closing
Apr 23, 2026
AI
The asset involved in this transaction is a retail property located at 319 Belvedere Road in the West Palm Beach market. The property encompasses a total square footage of 14,800. The transaction is categorized under an acquisition loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 319 Belvedere Road
- Market: West Palm Beach
- Asset Size: 14,800 SF
- Lender: Manuel Vidal - Metropolitan Commercial Bank
- Landlord: Casey Klein & Michael Sheitelman - Third Frontier Capital
- Loan Type: Acquisition
Key individuals involved in this transaction include Manuel Vidal representing the lender, Metropolitan Commercial Bank, and Casey Klein along with Michael Sheitelman as the landlords representing Third Frontier Capital. Each of these individuals plays a significant role in facilitating the acquisition of the property.
West Palm Beach 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93