Wintrust Bank Provides $17.5M Land/Pre-Development Loan For Brickell Development Site

A development site located at 128 SW 7th St in the Brickell neighborhood of Miami has successfully closed a loan transaction. The asset, owned by Focus Development represented by Vicky Lee, George Jalil, and Tim Anderson, attracted financing from Wintrust Bank. The loan amount for this transaction was $17,500,000, and it was categorized as a Land / Pre-Development Loan.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $17,500,000
• Lender: Wintrust Bank
• Landlord: Focus Development - Vicky Lee, George Jalil & Tim Anderson
• Broker: Michael Stepniewski - Walker & Dunlop

Michael Stepniewski, representing Walker & Dunlop, played a crucial role as the broker in this deal. Their expertise and negotiation skills facilitated the successful loan transaction between Focus Development and Wintrust Bank for the development site at 128 SW 7th St in Brickell, Miami.