David-Emmanuel Cohen Of Madar Group USA Secures $18M Construction Loan For Development Site In Miami Beach

The asset involved in this transaction is a development site located at 1005 Links Dr in the Miami Beach market. The transaction involves a construction loan with a total amount of $18,000,000.00 secured for the development purposes of the property.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $18,000,000.00
• Lender: Vertix Group
• Landlord: David-Emmanuel Cohen - Madar Group USA
• Loan Type: Construction
• Loan Date: 03/14/2025

The key individuals in this transaction include David-Emmanuel Cohen, who represents the landlord Madar Group USA. The lender, Vertix Group, is responsible for providing the financing necessary for the construction project. This transaction highlights the collaboration between the lender and the landlord to facilitate the development site funding.