Ronny Finvarb Of Finvarb Group Secures $19M Construction Loan From Amerant Bank For Miami Beach Development

The asset involved in this transaction is a development site located at 1790 Alton Road in Miami Beach, with a total building square footage of 34,679. The property is in the market area of Miami Beach and has been financed through a construction loan valued at $19,000,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $19,000,000
• Lender: Amerant Bank
• Owner: Ronny Finvarb - Finvarb Group
• Construction Type: Mixed-use project
• Project Features: Two restaurants, 12 residential units, rooftop pool, 19 parking spaces
• Market: Miami Beach

Ronny Finvarb represents the Finvarb Group, which secured the construction loan from Amerant Bank. The project aims to enhance Sunset Harbor in Miami Beach, contributing to the local infrastructure and residential options available in the area.