Casey Cummings Of Ram Realty Advisors And Max Cruz Of Pinnacle Secure $88.3M Loan For Aventura Development

The property involved in this transaction is a development site located at 19640 West Dixie Highway in Aventura. The site spans 2.62 acres and is intended for a 334-unit, 16-story apartment project. The total loan amount secured for this construction project is $88,300,000 with Santander Bank as the lender.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $88,300,000
• Address: 19640 West Dixie Highway
• Market: Aventura
• Asset Size: 2.62 acres
• Lender: Santander Bank
• Landlord: Casey Cummings - Ram Realty Advisors
• Landlord: Max Cruz - Pinnacle
• Loan Type: Construction
• Project Specs: 334 units, 16 stories, workforce housing, 3,340 sq. ft. of retail, amenities including a pool, coworking space, and golf simulator

Ram Realty Services and Pinnacle are the key players in this deal, as they broke ground on the apartment project after securing the construction loan. The involvement of these firms is crucial to the development of the property and the execution of the plans that include modern amenities for future residents.