1504 Capital Secures $5.6 Million Bridge Loan From Maxim Capital Group For Miami Condo
20 Northeast 11th Street
$5,600,000
$1,000/SF
Building Size
5,600 SF
Asset Type
Condo
Closing
Aug 20, 2026
About this deal
AI
The asset involved in this transaction is a condo located at 20 Northeast 11th Street in Miami, encompassing a total square footage of 5,600. The loan amount secured for this asset is $5,600,000 under a bridge loan type.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,600,000
- Lender: David Chillura & Adam Glick - Maxim Capital Group
- Borrower: 1504 Capital
- Landlord's Representative: Benjamin Stein - Metropolis Capital Advisors
- Date of Transaction: 08/20/2026
This transaction was noted for its efficient execution, completing in about 2 weeks. Benjamin Stein expressed gratitude to Maxim Capital Group for their professionalism and swiftness in facilitating the loan. He also extended an invitation for future financing needs, highlighting Metropolis-AMA's capability to assist with both debt and equity.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Deal FAQ
Visit Benjamin (Ben) Stein to view all their deals.
Browse Miami condo loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93