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