The property asset involved in the transaction is a 1.3-acre development site located at 1150 Northwest 125th Street in the North Miami market. The project has secured a construction loan amounting to $50,000,000, which includes $40,000,000 from First American Bank and $10,000,000 in preferred equity from Waterton. The Urbania NoMi 125 project is an 85-million-dollar development that will feature 195 apartments, 11,182 square feet of retail space, and 256 parking spaces, with anticipated completion in October 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $50,000,000
• Address: 1150 Northwest 125th Street
• Market: North Miami
• Landlord: Pablo Gonzalez - Continua Developments
• Landlord: Anthony Hodes - Oldtown Capital Partners
• Lender: First American Bank
• Equity Partner: Waterton
• Completion Date: October 2026
• Total Project Cost: $85,000,000

In this transaction, Pablo Gonzalez represents Continua Developments, while Anthony Hodes represents Oldtown Capital Partners. The financing is intended to support the development of the specified project, contributing to the urban landscape of North Miami.