Ryan Briggs, Mitchell Feldman, Jordan Feldman, And Rex Guzman Secure $21.5M Construction Loan For Self Storage In Miami
7140 Northeast Miami Court
$21,500,000
$156/SF
Building Size
137,305 SF
Asset Type
Self Storage
Closing
Jan 5, 2026
AI
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
Miami Self Storage Market Snapshot
Boundary boundary · Self Storage · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93