Concord Summit Capital Provides $12M Bridge Loan For Development Site In Miami

Blutrich Holdings, Inc (BHI), owned by Gil Blutrich, recently closed a loan transaction on a development site located at 130 Southeast 1st Street in Miami. The property, with a total buildable square footage (BSF) of 23,750, is situated in the Miami market.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Loan Type: Bridge Loan
• Landlord: Blutrich Holdings, Inc (BHI) - Gil Blutrich
• Brokers: Justin Neelis & Keegan Burger - Concord Summit Capital

The loan, amounting to $12,000,000, was secured as a bridge loan. Justin Neelis and Keegan Burger, representing Concord Summit Capital, facilitated the transaction between Blutrich Holdings, Inc and the lender. This strategic move allows Blutrich Holdings, Inc to proceed with their development plans for the property located at 130 Southeast 1st Street in Miami.