Aventura Mall Expansion
CASCO financial funded a $11,500,000 loan secured in first position.
The purchase price was $26,000,000 making the loan 44% loan-to-value.
The retail property included over 370,000 square feet with dozens of stores including:
Cinemark, Ross, Chili’s, Dunkin’ Donuts and Applebee’s. 1 year loan term.
Loan Amount: $11,500,000
Loan Term: 12 Months
LTV: 44%
Total Return: XX% or X% annualized