FINANCED
Newmark Represents Aria Development Group In $95M Construction Loan For Miami Condo
600 Northeast 1st Avenue
Condo
345,146 SF
345,146 SF
Financed 86 days ago
Summary
Loan
FLORIDA
Condo
345,146 sqft
The property involved in the transaction is a condo located at 600 Northeast 1st Avenue in Miami. It has a square footage of 345,146. The loan for this property was provided by Javier Foncerrada Izquierdo, representing Banco Inbursa. The landlord of the property is David Arditi from Aria Development Group, along with Dev Motwani and Nitin Motwani from Merrimac Ventures.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $95,000,000
- Lender: Javier Foncerrada Izquierdo - Banco Inbursa
- Landlord: David Arditi - Aria Development Group; Dev Motwani & Nitin Motwani - Merrimac Ventures
The construction loan amount for this transaction is $95,000,000. The deal involves Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Daniel Matz from Newmark representing the landlord.
Players
All
5
Agents
4
Agencies
1
Details
FINANCED
IMAGE: Nitin Motwani, Dev Motwani, Jordan Roeschlaub, Nick Scribani, Dustin Stolly, Javier Foncerrada Izquierdo, David Arditi & Daniel Matz
DATE: 02/02/2024
ADDRESS: 600 Northeast 1st Avenue
MARKET: Miami
ASSET TYPE: Condo ~ SF: 345,146
LENDER: Javier Foncerrada Izquierdo - Banco Inbursa (@Inbursa)
LANDLORD: David Arditi - Aria Development Group; Dev Motwani (@Motown_Fll) & Nitin Motwani - Merrimac Ventures
LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly, Nick Scribani (@ScribSays) & Daniel Matz (@MatzyPants) - Newmark (@Newmark)
LOAN AMOUNT: $95,000,000
LOAN TYPE: Construction LoanView on map
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Address600 Northeast 1st Avenue
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