Nelson Stabile Paulo Tavares De Melo Victor Ballestas Cory Yeffet Secure $65M Loan For NoMi Square In North Miami

The asset involved is a development site located at 13855 Northwest 17th Avenue in North Miami, encompassing 7.6 acres. Integra Investments has secured a construction loan of $65 million for the development of NoMi Square, which is planned to be a 342-unit workforce housing project. This project, valued at $100 million, will feature commercial live/work units and surface parking, with construction scheduled to commence this summer.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Lender: Banco do Brasil Americas
• Landlord: Nelson Stabile, Paulo Tavares de Melo, Victor Ballestas & Cory Yeffet - Integra Investments
• Market: North Miami
• Asset Size: 7.6 acres
• Project: NoMi Square
• Units: 342 workforce housing units
• Commercial Features: Live/work units and surface parking

The key individuals involved in this transaction include Nelson Stabile, Paulo Tavares de Melo, Victor Ballestas, and Cory Yeffet, representing Integra Investments. They are responsible for executing the development of the NoMi Square project with the support of Banco do Brasil Americas, which is providing the construction financing.