Ryan Briggs, Mitchell Feldman, Jordan Feldman, And Rex Guzman Secure $21.5M Construction Loan For Self Storage In Miami
FINANCED
Florida
See Similar DealsSelf Storage137,305 SF
Financed 01/06/2026
FINANCED
Ryan Briggs, Mitchell Feldman, Jordan Feldman, And Rex Guzman Secure $21.5M Construction Loan For Self Storage In Miami
7140 Northeast Miami Court
See Similar DealsSelf Storage137,305 SF
Financed 01/06/2026
Summary
FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$156
Total Square Footage:137,305 SF
Transaction Type:Loan
The asset involved in this transaction is a self-storage facility located at 7140 Northeast Miami Court, Miami, with a total square footage of 137,305. A construction loan amounting to $21,500,000 has been secured for this property.
Summary of transaction details:
- Property Type: Self Storage
- Transaction Amount: $21,500,000
- Lender: Catal Capital
- Landlord: Ryan Briggs, Mitchell Feldman, Jordan Feldman, and Rex Guzman - The Feldman Companies
- Landlord's Representative: Naphtali Marrus and Benjamin Nevid - Meridian Capital Group
- Loan Type: Construction
Key individuals involved in this transaction include the landlords who are part of The Feldman Companies, and the representatives from Meridian Capital Group, Naphtali Marrus and Benjamin Nevid, who facilitated the loan arrangement for the landlords.
Players
BROKERAGE
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$21,500,000.00
Monthly NOI$143,333.33
Monthly Debt Service$135,894.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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