Masoud Shojaee Secures $29.85 Million Refinance Loan For Development Site In North Bay Village

The asset involved in this transaction is a development site located at 1850 John F Kennedy Causeway in North Bay Village. The loan amount secured for this property is $29,850,000, aimed at refinancing the existing obligations associated with the asset.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $29,850,000
• Lender: Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier, and Cameron Fleury - Forman Capital
• Borrower: Masoud Shojaee (@MrMasoudShojaee)
• Brokers: Michael Horowitz and Adam Horowitz - Cooper Horowitz
• Loan Type: Refinance
• Date of Transaction: 08/06/2025

This deal features key representatives such as Michael Horowitz and Adam Horowitz from Cooper Horowitz, who played significant roles in facilitating the transaction for the borrower, Masoud Shojaee. The involvement of Forman Capital as lenders indicates a strategic financial collaboration aimed at enhancing property development in the area.