Terra Group And JDS Secure $98 Million Acquisition Loan For Development Site In Miami Beach

The asset involved in this transaction is a development site located at 1250 West Avenue, Miami Beach, FL. The transaction involves a loan amount of $98,000,000, structured as an acquisition loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $98,000,000
• Lender: Northwind Group
• Landlord: Terra Group - David Martin & JDS - Michael Stern
• Brokers: Aaron Appel, Sean Bastian, Michael Diaz, Keith Kurland & Jonathan Schwartz - Walker & Dunlop

The transaction features key participants including David Martin representing Terra Group and Michael Stern from JDS, both involved as landlords in this deal. The brokers facilitating the transaction are Aaron Appel, Sean Bastian, Michael Diaz, Keith Kurland, and Jonathan Schwartz from Walker & Dunlop, working on behalf of the involved parties.