Bank OZK Provides $45M Construction Loan For 228-Unit Condo In Miami

The property involved in this transaction is a condo located at 3100 Northeast 1st Avenue in Miami. It consists of 228 units and is being developed by Carlos Rosso of Rosso Development and Midtown Development. The loan for this project has been provided by Bank OZK in the form of a construction loan in the amount of $45,045,000.

Summary of transaction details

• Property Type: Condo
• Transaction Amount: $45,045,000
• Address: 3100 Northeast 1st Avenue
• Market: Miami
• Units: 228
• Lender: Bank OZK
• Developers: Carlos Rosso - Rosso Development & Midtown Development

In this deal, the developer's representatives are Brian Gaswirth and Jimmy Calvo from JLL. They have played a crucial role in facilitating the loan and ensuring the smooth progress of the project.