Ryan Briggs, Mitchell Feldman & Jordan Feldman Of The Feldman Companies Secure $14.5M Refinance Loan In Miami
860 Southwest 143rd Avenue
$14,500,000
$145/SF
Building Size
99,602 SF
Asset Type
Self Storage
Closing
Dec 14, 2025
AI
The property asset involved in this transaction is a self-storage facility located at 860 Southwest 143rd Avenue in Miami. The asset encompasses a total square footage of 99,602 and is part of the self-storage market segment. This transaction was executed with a loan amount of $14,500,000 as a refinancing operation.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $14,500,000
- Address: 860 Southwest 143rd Avenue
- Market: Miami
- Lender: Intercredit Bank
- Landlord: Ryan Briggs, Mitchell Feldman & Jordan Feldman - The Feldman Companies
- Landlord's Representative: Peter Mekras - Aztec Group
- Loan Type: Refinance
The deal involved key individuals including Ryan Briggs, Mitchell Feldman, and Jordan Feldman, representing The Feldman Companies as landlords. Peter Mekras, from Aztec Group, represented the landlords in this transaction, facilitating the refinance loan provided by Intercredit Bank.
Players
Miami Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93