Daniel Taylor - Onyx Funding Provides $3.15M Acquisition Loan For Development Site On N Venetian Dr., Miami Beach

Located at 1055 N Venetian Drive in Miami Beach, this development site is a prime asset in the real estate market. Spanning 6,000 square feet and boasting a buildable square footage of 7,500, this property offers immense potential for development.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,150,000
• Loan Type: Acquisition
• Loan Terms: Land acquisition bridge loan with a 70% loan-to-value ratio. Interest-only payments for 12 months.
• Broker: Daniel Taylor - Onyx Funding

Handling the loan for this acquisition is Daniel Taylor from Onyx Funding. With extensive experience in the industry, Daniel's expertise ensures a smooth transaction process.