Drake Real Estate Partners Refinances Miami Land For $19.5M

17707 Northwest Miami Court, Miami, FL, USA

$19,500,000

$37/SF

Building Size

518,614 SF

Asset Type

—

Closing

Nov 1, 2021

AI

The land located at 17707 NW Miami Court in Miami, with a total of 12 acres, was recently involved in a refinancing deal.

Summary of transaction details

Property Type: Land
Transaction Amount: $19,500,000
Date: 11/01/2021
Lender: Thorofare Capital
Landlord: Drake Real Estate Partners; Relentless Capital - Evan Seiden
Brokers: Dustin Stolly, Jordan Roeshlaub, Daniel Fromm, Danny Matz & Eden Abraham - Newmark
Loan Type: Refinancing
Loan Terms: Floating-rate loan

The refinancing deal for the land was facilitated by Thorofare Capital, with Dustin Stolly, Jordan Roeshlaub, Daniel Fromm, Danny Matz, and Eden Abraham of Newmark representing the various parties involved in the transaction. The loan amount granted was $19,500,000, and the terms of the loan are floating-rate.

Players