MF1 Capital Provides $165M Refinance Loan For Mixed-Use Property In Miami
FINANCED
$165,000,000
+ 1
National
See Similar DealsMixed-use90,169 SF
Financed 04/11/2023
FINANCED
MF1 Capital Provides $165M Refinance Loan For Mixed-Use Property In Miami
Nw 29 Street And Nw 3rd Avenue
See Similar DealsMixed-use90,169 SF
Financed 04/11/2023
+ 1
Summary
Asset Type:Mixed-use
Price Per Square Foot:$1,829
Total Square Footage:90,169 SF
Transaction Type:Loan
The property asset involved in this transaction is a mixed-use development located at 286 NW 29th St in the Miami market. The asset spans a square footage of 90,169 and the transaction includes a loan amount of $165,000,000 in refinancing.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $165,000,000
- Lender: MF1 Capital
- Landlord: Related Group, LNDMRK & Tricera Capital
- Brokers: Scott Wadler, Mitch Sinberg, Matthew (Matt) Robbins & Brad Williamson - Berkadia
Key individuals involved in the transaction include Scott Wadler, Mitch Sinberg, Matthew Robbins, and Brad Williamson, who represent the brokerage firm Berkadia. The lenders and landlords are noted as MF1 Capital and Related Group, LNDMRK & Tricera Capital, respectively.
Players
LENDER
LENDER
LANDLORD
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$165,000,000.00
Monthly NOI$1,100,000.00
Monthly Debt Service$1,042,912.24
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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