Israel Discount Bank Provides $12M Acquisition Loan For Wynwood Development Site

Located in Wynwood, Miami, the development site at 18 NW 23rd Street has been involved in a recent transaction. The property is a development site with a buildable square footage (BSF) of 171,842. The deal was facilitated by brokers Brian Gaswirth and Max Herzog from JLL, representing the parties involved - Alchemy ABR and Breakers Capital, the landlords.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Lender: Israel Discount Bank (IDB) – Elena Dokianos

The lender for the transaction was Israel Discount Bank (IDB), represented by Elena Dokianos. The loan amount for the deal was $12,000,000, and it was an acquisition loan.