Performing Real Estate Note
For Sale
Contact for pricing
Pending
123 1st St, Miami Beach, FL 33139
A diversified pool of performing second-position notes is backed by stabilized, cash-flowing real estate.
Property SizeContact for details
Days on Market147
Property Features for 123 1st St
General Information
Standard status
Pending
Property subtype
Multifamily, Hospitality, Self Storage, Note/Loan
Listing Agency:
Nectar
Listed By:
Derrick Barker · License #GA
Source:
Crexi
Added: Apr 12
Changed: Sep 5
Last Checked: Sep 5 at 12:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nectar
Investment Insights
Based on property information with market context.
This specialty property offering consists of a diversified pool of performing second-position notes supported by stabilized properties with ongoing cash flow. The underlying advances are made to established real estate investors, with average leverage of 56% and average cash flow coverage of 2.4x.
The offering is structured through a limited liability company membership interest and is available exclusively to accredited investors. It is offered under Regulation D through a private placement memorandum, with diligence materials provided following an initial call and signed NDA. The fund has no leverage, offers reinvestment, and carries a 12-calendar-quarter lockup before scheduled liquidity provisions. The recorded address is in Miami Beach, Florida.
The offering is structured through a limited liability company membership interest and is available exclusively to accredited investors. It is offered under Regulation D through a private placement memorandum, with diligence materials provided following an initial call and signed NDA. The fund has no leverage, offers reinvestment, and carries a 12-calendar-quarter lockup before scheduled liquidity provisions. The recorded address is in Miami Beach, Florida.
Key Highlights
- Performing second‑position notes backed by stabilized, cash‑flowing properties
- Underlying properties average 56% leverage and 2.4x cash flow coverage
- Available exclusively to accredited investors
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Specialty property - A diversified pool of performing second-position notes is backed by stabilized, cash-flowing real estate.
Where is this specialty property located?
The property is located at 123 1st St Miami Beach, FL.
What are key features of this property?
This property features: Performing second‑position notes backed by stabilized, cash‑flowing properties; Underlying properties average 56% leverage and 2.4x cash flow coverage; Available exclusively to accredited investors
