City National Bank Provides $18.7M Loan For Dev Site In Opa-locka

A development site located at 1719 NW 143rd St in Opa-locka has been involved in a recent closed transaction. The lender, City National Bank, provided a loan of $18,700,000 for the property. The landlord, Redwood National Properties, completed the deal with the assistance of broker Andrew Kurnit. The asset type of the property is a development site, and it consists of 112 units.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $18,700,000
• Address: 1719 NW 143rd St
• Market: Opa-locka
• Lender: City National Bank
• Landlord: Redwood National Properties
• Broker: Andrew Kurnit
• Units: 112

In this deal, Andrew Kurnit represented Redwood National Properties as their broker. The transaction took place on 08/27/2020, and the property is located in Opa-locka market. The loan provided by City National Bank amounted to $18,700,000. The development site consists of 112 units and is owned by Redwood National Properties.