Continental Partners Provides $22M Loan For Retail Property On Lincoln Road In Miami Beach | 532-560 Lincoln Road | Andrew Sawyer, Chase Calderon | Retail | Loan

Summary

Loan

FLORIDA

Retail

48,245 sqft

The retail property located at 532-560 Lincoln Road in Miami Beach has been involved in a recent transaction. The loan for this property was secured on February 24, 2021.

Summary of transaction details

Property Type: Retail
Transaction Amount: $22,000,000
Lender: Continental Partners
Landlord: The Denison Corp
Brokers: Chase Calderon & Andrew Sawyer

The loan for this property was provided by Continental Partners at a rate of 3.95%. The loan terms include a 10-year fixed term with the first 5 years being interest only. The loan has a 30-year amortization schedule and does not have a prepayment penalty.

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Players

All
3

Agents
2
Agencies
1

$11M Sold

Details

Deal Summary

FINANCED

IMAGE: Andrew Sawyer & Chase Calderon DATE: 02/24/2021 ADDRESS: 532-560 Lincoln Road MARKET: Miami Beach ASSET TYPE: Retail LENDER: Continental Partners LANDLORD: The Denison Corp BROKERS: Chase Calderon & Andrew Sawyer @theandrewsawyer LOAN AMOUNT: $22,000,000 LOAN TERMS: 3.95%, 10 Year Fixed, 5 Years Interest Only, 30 Yr Amortization, No Prepayment Penalty

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Address532-560 Lincoln Road

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