Wells Fargo Provides $70.5M Loan For Little Havana Development Site

A development site located at 1001 NW 7th Street in Little Havana, Miami, has been involved in a recent transaction. The property spans over 6.3 acres and includes approximately 700 units. The transaction took place on January 11, 2022.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $70,500,000
• Address: 1001 NW 7th Street, Little Havana, Miami
• Market: Little Havana, Miami
• Units: 700
• Acres: 6.3

Wells Fargo provided a loan amount of $70,500,000 for this transaction. The landlord involved in this deal is Mast Capital, represented by Camilo Miguel Jr., and AEW Capital Management, represented by Jeff Furber.