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Mast Capital And BH Group Secures $28.2 Million Loan For Development Site In Miami

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FINANCED
$28,200,000
Mitch Sinberg
Matthew (Matt) Robbins
+ 3

Florida

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Development Site
Financed 06/16/2025
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FINANCED

Mast Capital And BH Group Secures $28.2 Million Loan For Development Site In Miami

2545 South Bayshore Drive

See Similar Deals
Development Site
Financed 06/16/2025
Mitch Sinberg
Matthew (Matt) Robbins
+ 3
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Loan

The asset involved is a development site located at 2545 South Bayshore Drive in Miami. The transaction pertains to an acquisition with a loan amount of $28,200,000. The loan terms specify a duration of two years.

Summary of transaction details:

The key individuals involved in the transaction include the lenders Jon Gitman and Alex Horn from BridgeInvest, and the landlords Camilo Miguel Jr. and Jordan Kornberg associated with Mast Capital, along with Isaac Toledano from BH Group. The brokerage team consists of Scott Wadler, Mitch Sinberg, Brad Williamson, and Matthew Robbins from Berkadia.

Players

Brad Williamson
111 deals$7B volume(786) 646-2580
BROKER

Mitch Sinberg
Berkadia
136 deals$8.5B volume(561) 609-4006
BROKER

Matthew (Matt) Robbins
Berkadia
117 deals$7B volume
BROKER

Scott Wadler
Berkadia
167 deals$10.2B volume
BROKER

Berkadia
BROKERAGE





Isaac Toledano
BH Group
23 deals$1.2B volume
LANDLORD

Mast Capital
LANDLORD

BH Group
LANDLORD

Mast Capital
LANDLORD

Details

FINANCED
IMAGE: Mitch Sinberg, Matthew Robbins, Brad Williamson, Jon Gitman, Scott Wadler, Alex Horn, Isaac Toledano, Jordan Kornberg & Camilo Miguel Jr. DATE: 06/16/2025 ADDRESS: 2545 South Bayshore Drive MARKET: Miami ASSET TYPE: Development Site LENDER: Jon Gitman & Alex Horn - BridgeInvest (@BridgeInvest) LANDLORD: Camilo Miguel Jr. (@CMiguelJr) & Jordan Kornberg (@JKornberg7) - Mast Capital (@MastCapital); Isaac Toledano - BH Group (@BHGroupMiami) BROKERS: Scott Wadler (@SWadler1), Mitch Sinberg (@MitchSinberg), Brad Williamson (@Howu_b_livin) & Matthew Robbins - Berkadia (@Berkadia) LOAN AMOUNT: $28,200,000 LOAN TYPE: Acquisition LOAN TERMS: two years

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$28,200,000.00

Monthly NOI$188,000.00
Monthly Debt Service$178,243.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00