Sageblan Investments Secures $18.25M Acquisition Loan For Parking Garage In Downtown Miami

225 NE 1st St, Downtown Miami, Miami, FL, USA

$18,250,000

$1,659/SF

Building Size

10,998 SF

Asset Type

Development Site

Closing

Nov 2, 2021

AI

The property involved is a parking garage/development site located at 225 North East 1st Street in Downtown Miami. It has been associated with an acquisition loan of $18,250,000 provided for this asset.

Summary of transaction details:

Property Type: Parking Garage/Development Site
Transaction Amount: $18,250,000
Lender: Glacier Global Partners
Borrower: Sageblan Investments
Brokers: Michael Weinberg, Alec Fox & Scott Wadler - Berkadia
Loan Type: Acquisition loan

This transaction has key representation from Michael Weinberg, Alec Fox, and Scott Wadler, who served as brokers through Berkadia, facilitating the loan process for Sageblan Investments with financial backing from Glacier Global Partners.

Players