Berkadia Arranges $57.5M Construction Loan For Miami Multifamily Development

The multifamily property located at 1470 NW 36th Street in Miami has recently undergone a closed transaction. The property consists of 237 units and is owned by Neology Life Development Group, represented by Lissette Calderon. The loan for this transaction was provided by Churchill Real Estate, with Sean Robertson and Jeff Rosenfeld serving as the lenders. The brokerage team from Berkadia, consisting of Charles Foschini, Christopher Apone, and Shannon Wilson, facilitated the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $57,500,000.00
• Loan Type: Construction
• Loan Terms: 24-month loan with two extension options

Sean Robertson and Jeff Rosenfeld from Churchill Real Estate provided the loan for this transaction. The loan amount was $57,500,000.00 and was structured as a construction loan with a 24-month term and two extension options. The landlords, Neology Life Development Group, led by Lissette Calderon, successfully closed the deal with the assistance of the brokerage team from Berkadia, consisting of Charles Foschini, Christopher Apone, and Shannon Wilson. This transaction showcases the collaboration of key industry professionals in the Miami market.