Lotus Capital Partners Facilitates $70M Acquisition Loan For Bay Harbor Islands Development Site

The development site located at 10141 E Bay Harbor Dr in Bay Harbor Islands has been involved in a recent loan transaction. The property spans approximately 41,700 square feet and has a buildable square footage (BSF) of 130,000. The loan amount for this transaction is $70,000,000, and it falls under the category of an acquisition loan.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $70,000,000
• Address: 10141 E Bay Harbor Dr
• Market: Bay Harbor Islands
• Asset Type: Development Site
• BSF: 130,000
• SF: 41,700

The loan for this transaction is provided by MSD Partners, with Adam Piekarski representing the lender in this deal. On the other hand, Ari Pearl from PPG and Jonathan Liefer from L3C are the landlords involved in this transaction. Faisal Ashraf, representing Lotus Capital Partners, acted as the broker for this loan.