Ram Realty Advisors Secures $80.6M Construction Loan For Miami Development Site Near Zoo Miami

A $80.6 million construction loan has been secured by Ram Realty Advisors for a 353-unit multifamily complex located at 15520 SW 127th Avenue in Miami-Dade County near Zoo Miami. The development site, spanning 12.4 acres, is part of Ram's larger 80-acre development and has faced legal challenges related to environmental concerns. However, with a conservation plan now in place, the project can proceed.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $80,600,000
• Address: 15520 SW 127th Avenue
• Market: Miami
• ACRES: 12.4
• Lender: Andrew Cecere - US Bank
• Landlord: Casey Cummings - Ram Realty Advisors

Ram Realty Advisors, represented by Casey Cummings, secured the construction loan from Andrew Cecere of US Bank for the development of the multifamily complex. Despite legal challenges, the conservation plan implemented for the project addresses environmental concerns and ensures its viability. With this construction loan, Ram Realty Advisors can now proceed with the development of the 353-unit multifamily complex, expanding their 80-acre development in the south Miami-Dade County area.