$38,800,000 Aura Seaside Apartments – Construction Loan – Lantana, FL

$38,800,000

30 Day Libor + 2.50%

3 year term with 2 one year extension options

No prepayment penalty

 

Note, due to the loan size, two lenders teamed up to close this loan.

Property is located along the Intracoastal Waterway in Lantana, Palm Beach County, Florida

Closed by: Nico Pepia, Zach Nimhauser & Michael Brown

$2,200,000 Retail Strip Acquisition, Lake City, Florida

$2,200,000, acquisition

10 year fixed rate loan

3.95 % fixed

Prepayment Penalty: 3,2,1,0,0,0,0,0,0,0

RATE LOCKED AT APPLICATION

Property includes Panera Bread & Matress1 One

Closed by Zach Nimhauser & Michael Brown

 

zn@banyancc.com

mb@banyancc.com

$1,332,500 19 Unit Apartment Property – Fort Lauderdale, FL

$1,332,500

10 year fixed rate loan

3.90% fixed locked at application

25 year amortization

Limited Recourse (20%)

Prepayment Penalty: 3,2,2,0,0,0,0,0,0,0

 

A true 10 year fixed rate loan, no reset, non-securitized, bank portfolio loan.

 

Closed by: Brad Beattie

bb@banyancc.com

$7,700,000 Multifamily – Jacksonville – Acquisition Perm

$7,700,000

80% LTV

5.01% Fixed

12 Year Term

30 Year Amortization

NON-RECOURSE

 

Closed by Michael Brown

mb@banyancc.com

 

 

$1,900,000 Single Tenant, NNN Bank Branch, Miami, Florida

$1,900,000 – Acquisition Loan

4.07% fixed

8 year term

25 year amortization

NO PREPAYMENT PENALTY

NON-RECOURSE

 

Borrower is a foreign national. Purchased this NNN credit lease property for cash flow and predictable returns.

 

Closed by Michael Brown

mb@banyancc.com

$8,000,000 Magnolia Shoppes, Coral Springs, Florida

$8,000,000

5 year fixed rate loan + 5 year extension option

3.50% fixed, locked at application

3,2,1,0,0 prepayment penalty

RATE LOCKED AT APPLICATION

Tenants include: Office Depot, YouFit Health Club, Anthony’s Coal Fired Pizza, Dunkin Donuts, USA Wireless

This was a refinance of a CMBS loan that is maturing in the near future.

 

Closed by Dan Bockstoce & Michael Brown

 

db@banyancc.com

mb@banyancc.com

$4,355,000 Medical Office Building, Miami, Florida

$4,355,000

3.25% fixed, locked at application

5 year fixed rate loan + 5 year extension option

25 year amortization

step down prepayment penalty

 

Tenants include primarily small medical practices and medically related businesses. Building has 35,528 SF, many short term and month to month leases.

This was an acquisition, 60 day closing.

 

Closed by Zach Nimhauser & Michael Brown

zn@banyancc.com

mb@banyancc.com