Sam Immediato Of Greysteel Arranges $9.6M Acquisition Loan For Village Shopping Center In Miami Gardens

The transaction involves a grocery-anchored shopping center located at 19505 - 19597 Northwest 57th Avenue, in the Miami Gardens market, comprising a total square footage of 34,870. The acquisition financing arranged amounts to $9,600,000, with loan terms specified for a duration of 5 years. The loan features a loan-to-value ratio of 70.3%, full-term interest only payments, and is classified as non-recourse.

Summary of transaction details:

• Property Type: Anchored Retail Shopping Center
• Transaction Amount: $9,600,000
• Address: 19505 - 19597 Northwest 57th Avenue, Miami Gardens, FL 33055
• Market: Miami Gardens
• Square Footage: 34,870
• Loan Type: Acquisition
• Loan Terms: 5 Years
• Loan-to-Value Ratio: 70.3%
• Interest Payment Structure: Full-term Interest Only
• Recourse Type: Non-recourse

Sam Immediato from Greysteel represents the landlord in this transaction, highlighting the role of Greysteel as a leading national commercial real estate investment services firm that facilitated this acquisition financing for the Village Shopping Center.