Daniel Taylor - Onyx Funding Provides $3.15M Acquisition Loan For Development Site On N Venetian Dr., Miami Beach
1055 North Venetian Drive
Development Site
6,000 SF
6,000 SF
Financed 1 year ago
Summary
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.
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1055 North Venetian Drive
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