Rieber Development Secures $83.8M Loan For Mixed-Use Development In Aventura

21290 Biscayne Blvd, Aventura, FL, USA

$83,800,000

$1,510/SF

Building Size

55,480 SF

Asset Type

Development Site

Closing

Dec 1, 2021

AI

A mixed-use development located at 21290 Biscayne Blvd in Aventura has undergone a recent transaction. The property consists of 163 units and spans over an area of 55,480 square feet. The transaction took place on 12/01/2021.

Summary of transaction details

Property Type: Mixed-use Development
Transaction Amount: $83,800,000
Address: 21290 Biscayne Blvd
Market: Aventura
Units: 163
Square Footage: 55,480

The loan for this transaction was provided by BridgeInvest and an overseas lender. Rieber Development, represented by Bernardo Rieber, served as the landlord. The brokers involved in the deal were Jeffrey Donnelly and Dmitry Levkov from Colliers.

The loan amount for this transaction was $83,800,000 and it was classified as a construction and mezzanine loan.

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